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3 selected articles
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
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...
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...
Bank | Definition of Bank by Merriam-Webster
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...