Loan Resources

The following resources all relate to loans and are a collection of website's which may be of interest to users of our site. As loans is a very broad category this part of the site is where you will find information on non specific topics.

DEFINITION OF LOAN:

The temporary provision of money (usually at interest)

- lend: give temporarily; let have for a limited time; "I will lend you my car"; "loan me some money"

- loanword: a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English

A 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.

Borrowing from the insurer and securing the amount of the loan by the cash value in the life insurance policy. If the insured dies when there is an outstanding loan balance, the amount of the loan and any unpaid interest will be deducted from the proceeds.

Money borrowed that is usually repaid with interest.

An amount of money a borrower will take out from a lender to pay for a purchase.

BRIDGE LOAN (Bridging loan)

A bridge loan is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance other projects. Uses for bridge loans include real estate purchases, retrieving real estate from foreclosure and business loans for operating capital.

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