Noun

Singular loan

Plural loans

loan (plural loans)

  1. (banking, finance) A sum of money or other valuables or consideration which an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
    He got a five grand loan.
  2. The contract and array of legal and/or ethical obligations surrounding a loan.
    He made a payment on his loan.
  3. The permission to borrow any item.
    Thank you for the loan of your lawn mower.

From Wiktionary under the GNU Free Documentation License.
Sat Mar 6 17:55:43 2010

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount. The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

Types of loans

From Wikipedia under the GNU Free Documentation License
Sun Jan 31 15:40:22 2010

Student loans: Is there another loan like the Federal Stafford Loan that doesnt require a credit check?
Q. I would like to know if there are loans that are like the Federal Stafford Loan? (NO credit check) One that also works with private schools?
Asked by Due May 12 2010..My 1st baby - Sat Jan 19 13:36:19 2008 - - 2 Answers - 0 Comments

A. No, but the Sallie Mae Tuition Answer loan (www.tuitionanswer.com) is VERY easy to get approved for on a stand-alone basis, I got my loan from them when I was 19 with no co-signer. They send the check directly to you to pay your school fees and such. They do work with Private schools, so that doesn't matter. I would apply for that, if you get declined then seek a co-signer, or switch to a cheaper school.
Answered by Mark - Sat Jan 19 14:24:48 2008

For what reason would a loan company stop providing loans to a particular school?
Q. If a loan company decides to stop providing loans for students that go to a particular school, what would be the reason for this?
Asked by choccy - Mon Jun 30 11:42:07 2008 - - 4 Answers - 0 Comments

A. Alot of things could contribute, low graduation rate or poor accredation, banks going out of business, etc.
Answered by Blue - Mon Jun 30 13:08:58 2008

Why are private student loans only loan protected?
Q. In Feb 2008 the financial companies sent lobbyist to say that it would make it extremely hard to get a private loan if this was enacted. Nobody is giving private student loans anymore anyways. So that argument doesn't work. Why are private student loans not allowed to be written off in chapter 7 bankruptcy? It seems to be the only loan type that isn't. Also, it's the only one without statue of limitations. Seems to be alot of protection for these companies.
Asked by majax79 - Sat Feb 7 08:28:08 2009 - - 1 Answers - 1 Comments

A. cause their private and only that student can only use it
Answered by unknown - Sat Feb 7 08:44:27 2009

From Yahoo Answer Search: "loans"
Tue Jan 19 03:59:20 2010

From Wikiquote under the GNU Free Documentation License.
Thu Feb 18 15:25:51 2010

See also:

  • The Norwood Group Inc.The Norwood Group Inc.
    norwoodgrp.com
    Financing programs include credit lines, payday loans and secured accounts.
  • Kendor Financial, Ltd.Kendor Financial, Ltd.
    kendorfinancial.com
    Offers a range of loan servicing products.
  • HELPcardHELPcard
    helpcard.com
    Provides a financing option for the private-pay portion of healthcare expenses.
Custom search only loans sites:

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Fri Feb 12 05:18:38 2010
Abusive loan shark lender fined - Tajikistan News
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Abusive loan shark lender fined

Tajikistan News

A Californian money lender, CashCall of Anaheim, has been told by State Attorney General Jerry Brown to stop using loan shark tactics. ...

CashCall to pay state $1M for loan shark tactics Daily Breeze

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CashCall agrees to pay $1 million to settle state allegations it ... Los Angeles Times

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Makena Resort investors default on loan - Maui News
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Makena Resort investors default on loan

Maui News

Inc. and Morgan Stanley Real Estate, together called Makena Land LLC, defaulted on the original $192.5 million loan to purchase the 1800-acre Makena Resort. ...



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Small-Business Stimulus Loans Slow to... - New York Times
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The Loop restaurant, near Tucson, has struggled in the recession, but a bank decided not to give it a federal stimulus loan . Washington officials and some ...

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Expanded SBA program helps East Bay Business Bizjournals.com

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From Google News Search: "loans"
Thu Aug 27 08:20:47 2009

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Thu Aug 27 08:21:12 2009

Income-based loan repayment plan gives students relief - News
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Income-based loan repayment plan gives students relief - News

unknown

Wed, 26 Aug 2009 02:45:09 GM

Melet Leafgreen, the assistant director of . loan. programs, said the Income-Based Repayment plan aims to make monthly repayment amounts more accurately reflect a graduate's income level. . Loans. taken out from the government for ...

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From Google Blog Search: "loans"
Wed Aug 26 07:05:40 2009