What is other name for loan?
lend, advance, give credit, credit, allow. give on loan, give someone the loan of, let someone have the use of, let out, lease, charter, hire. British informal sub. borrow.
What is a good synonyms for borrow?
borrow
- acquire.
- hire.
- obtain.
- rent.
- beg.
- bite.
- bum.
- cadge.
What is another word for business loan?
•business loan (noun) commercial loan.
What is loan in simple words?
A loan is when money is given to another party in exchange for repayment of the loan principal amount plus interest. Loan terms are agreed to by each party before any money is advanced. A loan may be secured by collateral such as a mortgage or it may be unsecured such as a credit card.
What is a loan in one word?
1a : money lent at interest took out a loan to pay for the new car. b : something lent usually for the borrower’s temporary use.
What is slang for borrow?
touch (someone) for (slang) scrounge (informal) She had to scrounge the money. blag (slang) mooch (slang)
Can you lend me some money meaning?
from English Grammar Today. Lend means ‘give something to someone for a short time, expecting that you will get it back’.
Is loan and debt the same?
A loan is a form of debt but, more specifically, is an agreement in which one party lends money to another. The lender sets repayment terms, including how much is to be repaid and when. They also may establish that the loan must be repaid with interest.
What is a synonym and antonym for loan?
ˈloʊn) Give temporarily; let have for a limited time. Antonyms. borrow take starve breastfeed bottlefeed disinherit stay. give rent out hire out trust farm out.
What word goes with finance?
The Top 20 Business English Words for Finance Topics You Must Know
- Interest Rate.
- Investment.
- External capital.
- Cash outflow.
- Revenue.
- Profit.
- Loss.
- Recession.
What does loan mean in business?
A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the borrower. In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions.
What do you call a person that owes money?
Debtors are individuals or businesses that owe money, whether to banks or other individuals. Debtors are often called borrowers if the money owed is to a bank or financial institution, however, they are called issuers if the debt is in the form of securities.
Is borrowing the same as lending?
‘Lend’ means to give something to someone to be used for a period of time and then returned. ‘Borrow’ means to take and use something that belongs to someone else for a period of time and then return it.
What’s the difference between borrow and loan?
More specifically, “borrow” is using something belonging to someone else with the intention of returning it. “Loan” can be a noun, such as a sum of money that you must pay back with interest, or a verb, the act of lending something to someone.
Is financing a loan?
Most people are familiar with debt as a form of financing because they have car loans or mortgages. Debt is also a common form of financing for new businesses. Debt financing must be repaid, and lenders want to be paid a rate of interest in exchange for the use of their money. Some lenders require collateral.