loan

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loan

noun accommodation, advance, advancement, aid, allotment, assistance, backing, commodare, credit, dole, entrustment, extension of credit, financing, funding, grant, imprest, moneys borrowed, mutuum, pledge, res commodata, stake, stipend, subsidy, sum entrusted, sum of money borrowed, sum of money lent, temporary accommodation, time payment, trust
Associated concepts: bond, building loan, construction loan, continuing loan, discount, excessive loan, forbearance, graauitous loan, loan association, loan broker, loan value of a policy, mortgage, secured loan, simple loan, stock loan, temporary loan, unpaid loan, usurious loan, usury laws
Foreign phrases: Creditorum appellatione non hi tantum accipiuntur qui pecuniam crediderunt, sed omnes quibus ex qualibet causa debetur.Under the head of “creditors” are included, not only those who have lent money, but all to whom from any cause a debt is owing.

loan

verb accommodate, advance, allow, extend credit, furnish funds, give, lend, permit to borrow, supply funds
See also: capitalize, credit, finance, fund, invest, investment, lease, lend, let

loan

a transaction whereby property is lent or given to another on condition of return or, where the loan is of money, repayment. During the period of the loan the borrower is entitled to use the thing loaned for the purpose agreed between the parties. In a loan of money, the money lent becomes the property of the borrower during the period of the loan against an undertaking to return a sum of equivalent amount either on demand or on a specified date or in accordance with an agreed schedule of repayments.

LOAN, contracts. The act by which a person lets another have a thing to be used by him gratuitously, and which is to be returned, either in specie or in kind, agreeably to the terms of the contract. The thing which is thus transferred is also called a loan. 1 Bouv. Inst. n. 1077.
     2. A loan in general implies that a thing is lent without reward; but, in some cases, a loan may be for a reward; as, the loan of money. 7 Pet. R. 109.
     3. In order to make a contract usurious, there must be a loan; Cowp. 112, 770; 1 Ves. jr. 527; 2 Bl. R. 859; 3 Wils. 390 and the borrower must be bound to return the money at all events. 2 Scho. & Lef. 470. The purchase of a bond or note is not a loan ; 3 Scho. & Lef. 469; 9 Pet. R 103; but if such a purchase be merely colorable, it will be considered as a loan. 2 John. Cas. 60; Id. 66; 12 S. & R. 46; 15 John. R. 44.

References in periodicals archive ?
RTI activist Naresh Kumar told M AIL T ODAY , " The Haryana under secretary said there is a provision to recover the pending loan amount but the money is yet to be recovered.
para]]Borrowers with low loan amounts pay 10% more for every dollar than borrowers with high loan amounts[[/para]]
days' prior notice, the Loan Amount will have a maturity period of
The penalties last until 30/11/2012 and are 3 per cent of the loan amount.
The average loan amount per account for the top five companies for fiscal 2000 reached a record high of 520,000 yen,'' the agency said, noting larger loan amounts allow companies to benefit from economies of scale with reduced costs per account.
According to LendingTree, the average loan amount in Q4 2014 for prime borrowers in search of a 30-year fixed rate home loan was $223,314.
The loan amount will be disbursed in coming 15 days.
He forged the request letters of some prominent clients, who were availing the WCDL facility and had sent request letters, for sanctioning or disbursing the loan amount.
The penalties last until 30/09/2012 and are 3% of the loan amount plus pounds 145.
The Home Ownership and Equity Protection Act of 1994 restricts credit terms such as balloon payments and requires additional disclosures when total points and fees payable by the consumer exceed the fee-based trigger (initially set at $400 and adjusted annually) or 8 percent of the total loan amount, whichever is larger.
Transaction costs can be funded from loan proceeds, if the values support the loan amount, and there is no exit fee.
Therefore, there is no double taxation of the defaulted loan amount.