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 ?
At present, the GSIS is not collecting penalties and surcharges on past-due loan accounts if the member is in active service, but will not be continued in the long term, as the 'automatic waiver' for penalties and surcharges will compound the forgone interest income from the pension fund's loan investments, which will eventually be disadvantageous to the social insurance fund, according to Aranas.
In Table 3, we have computed the values of cost elasticities and marginal costs by grouping the bank branches according to the number of loan accounts. The elasticity of cost with respect to loan accounts is 0.215 in the first group (less than 1000 loan accounts), increasing to 0.494 in the group corresponding to 4000 or greater loan accounts.
A former partner in the accountancy firm of Haughey Boland, he said that the loan account was always in the red and he never received pounds 50,000 debited from it in his name on January 29 1982.
She posted, "My student loan account is locked for an hour bc i entered my password wrong twice.
An offset account is a savings or transaction account that is linked to a home loan account. Any money in the offset account reduces the amount of interest payable on the linked home loan.
The maximum rebate is P100,000, which will be applicable to loan accounts worth at least P10 million.
As the following infographic shows, the total number of car loan accounts is soaring nationwide, hitting 108.66 million by 2017.
Active or inactive members and non-members that have deeds of conditional sale or real estate loan accounts in arrears or in default are qualified to apply.
State-run Government Service Insurance System (GSIS) has extended the deadline for its members to settle past due loan accounts to one more month, heeding to the appeal of the Department of Education (DepEd).
About a year and a half after the interest rate capping law came into effect pricing loans at four per cent above the Central Bank Rate, loan accounts have reduced by 1.2 million with credit to the private sector declining by Sh135 billion in 2017 alone.
class="MsoNormalShe said since establishment of Helb, a total of Sh84 billion has been disbursed to 671,448 loanees out of which 396,329 loan accounts worth S7 billion have matured for repayment, while 275,119 loanees holding S7.1 billion have not matured as these loans are held by students in colleges and universities.
Customers will have access to commercial and consumer lending, mortgage lending, investment services, and a full retail staff available to open deposit and loan accounts and process transactions.