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What is loan?
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Asked 5/9/2012 4:31:59 AM
Updated 1/29/2015 2:40:43 AM
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Flagged by alfred123 [1/29/2015 2:40:43 AM]
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User: What is loan?

Question
Asked 5/9/2012 4:31:59 AM
Updated 1/29/2015 2:40:43 AM
1 Answer/Comment
Flagged by alfred123 [1/29/2015 2:40:43 AM]
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In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment.
Added 1/29/2015 2:39:36 AM
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Confirmed by jeifunk [1/29/2015 4:19:54 AM]
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