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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Loan  

Definition 1.

When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money along with interest, at a predetermined date in the future.
 

Definition 2.

emporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.
 

Definition 3.

An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time. Usually, there is a predetermined time for repaying a loan, and generally the lender has to bear the risk that the borrower may not repay a loan (though modern capital markets have developed many ways of managing this risk).
 
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