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Loan
(redirected from car loan)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.

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.
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Financial Snapshot: Steven Taylor HOUSEHOLD INCOME Gross Income $48,000 ASSETS Virginia Beach Time-share $10,000 Retirement Account $3,500 Savings 500 Value for Car * 6,155 Total $20,155 LIABILITIES Balance on Time-share $10,000 Credit Cards $4,000 Car Loan 5,720 Total $19,720 NET WORTH $435 * ACCORDING TO KELLEY BLUE BOOK.
Planning ahead: Steven Taylor mulls a second career after retirement by Nash, Sheryl Nance / Black Enterprise
Here's a simple test: If you earn the median income for Southern California and have a car loan, chances are pretty good that you are in or are near the consumer debt danger zone.
DEBT DANGER ZONE MORE SOUTHLAND RESIDENTS OWE MORE THAN THEY CAN ... by Daily News (Los Angeles, CA)
The rubber industry in 2002 will probably have a harder time turning things around because of the 0% percent car loan program and the tire recall in 2001 that have already borrowed from this year's production.
Let's skip this year. (Editorial) by Smith, Don R. / Rubber World
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