Loans - Definition

When a certain Amount is advanced by a bank repayable after a specified period, it is known as bank loan. Such Advance is credited to a separate loan account and the borrower has to pay Interest on the whole amount of loan irrespective of the amount of loan actually drawn. Usually loans are granted against security of assets.



Terms near "Loans"

Loans from Co-operative Bank
London Interbank Offered Rate (LIBOR)
London International Financial Futures Exchange (LIFFE)
Long
Lookback Option
Loonie
Lot
LRD
LSL
LTL
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