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Definitions of Loan

• A loan is a sum of money that is given by one party to another for a limited amount of time. It is to be repaid according to terms of the loan agreement which includes any interest to be charged and a time frame for repayment. This definition of Loan contributed by jimolenbush.
• A loan is sum of money that an individual or a company loan to an individual or company with the objectives of gaining profits when they are being paid back. For Example : interest rates and assets.