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The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment.
A loanword (also a loan word, loan-word) is a word at least partly assimilated from one language (the donor language) into another language (the recipient or target language), through the process of borrowing.
A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years. A term loan involves paying interest with the interest amount being added to the amount that needs to be repaid.
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What is a business loan?
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What is a secured loan?
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral ...
An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long
For instance, while the loanword for 'penicillin' is 盘尼西林 (pánníxīlín), a neologism that 'translates' the word was later coined, 青霉素 (qīngméisù), which means 'blue/green mold extract/essence'. In contemporary Chinese, neologisms using native Chinese morphemes tend to be favored over loanwords that are ...
A business loan is a loan specifically intended for business purposes. [1] As with all loans, it involves the creation of a debt , which will be repaid with added interest . There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans ...
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