LOAN Definition

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LOAN is an agreement under which an owner of assets (the lender) allows another entity (the borrower) to use the assets for a specified time period. In return, the borrower agrees to pay the lender a payment (interest) and return the assets (cash) at the end of the agreed upon time period.

Learn new Accounting Terms

EARNED INCOME is that income realized by the provisioning of goods and services.

NET INTEREST INCOME see NET INTEREST MARGIN.

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