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Loan
(redirected from commercial 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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? References in periodicals archive
Kenny, commercial loan officer has been promoted to assistant vice president.
Union State Bank: John J. Kenny by Real Estate Weekly
The proposed guidance would replace the current commercial loan classification system categories--"special mention," "substandard," and "doubtful"--with a two-dimensional framework.
Request for comment on proposed classification of commercial credit ... by Federal Reserve Bulletin
To be purchased are Transamerica units that provide distribution financing for manufacturers and dealers of industrial, consumer and recreational products and leasing and commercial loan financing for equipment, real estate and international finance.
GE acquiring finance unit of Transamerica by Implement & Tractor
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