Business and Personal Finance Dictionary

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• LOAN
  
  Loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the and the . The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.
  
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