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Loan | Definition of Loan by Merriam-Webster

Definition of loan for Students




:  to give to another for temporary use with the understanding that the same or a like thing will be returned loan a book loan money

Law Dictionary


Legal Definition of loan

1a :  money lent at interest b :  something lent usually for the borrower's temporary use

2 :  a transfer or delivery of money from one party to another with the...

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Related topics : line of credit home equity loan / home equity loan credit / line of credit home equity / home loan equity definition / interest home equity loan

Mortgage | Definition of Mortgage by Merriam-Webster

noun mort·gage \'mo r-gij\

Legal Definition of mortgage

1a :  a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or performance according to stipulated terms shows that a deed was intended only as a mortgage -- W. M. McGovern, Jr. et al. b :  a lien against property that is granted to secure an obligation (as a debt) and that...

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Related topics : mortgage loan rate of interest / equity loan mortgage rates / loan mortgage interest / mortgage rate home loan / loan mortgage rate

Bank | Definition of Bank by Merriam-Webster

noun \'bangk\

Legal Definition of bank

1 :  an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank :  a banking facility that is a separate but dependent part of a chartered bank; especially :  a facility that performs some banking functions and is separate from a main office bridge bank :  a...

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Related topics : federal home loan bank act / home loan federal bank / federal loan bank act / home loan interest rate of all banks / federal loan bank