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 ?
A $750,000 loan for a two-story mixed-use building in Manville, N.
A $150,000 loan for a six-story apartment building in New York City;
Incorporated in 1956, ASA was the nation's first student loan guarantee agency and a model for the federal student loan guarantee program.
The Connecticut Student Loan Foundation (CSLF)is a non-profit agency that administers, guarantees, finances, and services student loans within the Federal Family Education Loan Program (FFELP) and other alternative student loan programs.
Interest-free or low-interest loans were once a popular and successful means of shifting income from parents to children.
If you can afford to pay off your debt before the end of your term, do so, as there is no prepayment penalty associated with student loan consolidation.
The parties' records, if any, reflect the transaction as a loan.
You also need a formal loan policy that will identify the person or persons responsible for administering the loans, describe the loan-application procedure, set out the basis on which you'll approve or deny the loans, specify the amount and type of loans you'll permit, describe the process of determining interest rates, identify the collateral necessary to secure the loans and spell out default procedures.
The HMDA data show that the 1992 rates of loan approval rose and rates of denial fell from those of the previous year for black and for white applicants for government-backed and for conventional home purchase loans.
495 million loan for a four-story mixed-use building in New York City;
Our products include an Internet-based financial aid delivery and management system, an Internet-based loan origination system and a centralized disbursement agent service.
72(p)-1, Q&A-9(a), an employer can suspend loan repayment during an employee's leave of absence for up to one year, but interest must continue to accrue during the leave and the loan balance must be repaid within five years.