A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. 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. Debt is that which is owed. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... Money is a marketable good or token that acts as a store of value, a medium of exchange and a unit of account. ... In finance, interest has three general definitions. ... Debt is that which is owed. ...

Acting as a provider of loans is one of the principal task for financial institutions. For banks loans are generally funded by deposits. For other institutions issuing of debt contracts, such as bonds is a typical source of funding. A financial institution acts as an agent that provides financial services for its clients. ... The essential function of a bank is to provide services related to the storing of value and the extending of credit. ... Main article deposit (bank) A deposit is a specific sum of money taken and held on account, by a bank as a service provided for its clients. ... Debt is that which is owed. ... For alternate meanings, such as chemical bond, see Bond (disambiguation). ...

Other types of debt include mortgages, credit card debt, bonds, and lines of credit. A mortgage is a very common type of debt instrument, used by many individuals to purchase housing. In this arrangement, the money is used to purchase the property. The bank, however, is given the title to the house until the mortgage is paid off in full. If the borrower defaults on the loan, the bank can reposess the house and sell it, to get their money back. Wiktionary has a definition of: Mortgage A mortgage (Law French for dead pledge) is a device used to create a lien on real estate by contract. ... Houses in Fishpool Street, St Albans, England For other meanings of the word house, see House (disambiguation). ... In finance, default is what occurs when a party is unwilling or unable to pay their debt obligations. ...

The abuse in the granting of loans is known as predatory lending. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over him or her. In the strictest and legal sense, predatory lending refers to secured loans such as home or car loans which are made by the lender with the intention that the borrower will not repay the loan, allowing the lender to seize the car or home and sell it for a profit. ...

See also

• Finance, Personal finance
• Debt, Debt consolidation
• Bank, Building society

• Annualised Percentage Rate (a.k.a. Equivalent Annual Rate)

Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. ... Personal finance is the application of the principles of financial economics to an individuals (or a familys) financial decisions. ... Debt is that which is owed. ... Debt consolidation entails taking out one loan to pay off many others. ... The essential function of a bank is to provide services related to the storing of value and the extending of credit. ... Building society was the name given in 19th century Britain for working mens co-operative savings groups: by pooling savings, members could buy or build their own homes. ... Annual Percentage Rate (APR) is an expression of the effective interest rate that will be paid on a loan. ...

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• list of business theorists
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External links

• 10 Do's and Dont's of Home Loans (http://www.lendersnow.com/Home_Loan_Payday_Loan/home-loan.htm)
• Personal Loans Saver (http://www.loansaver.org) Non-profit personal loans information website.
• Loan calculator (http://www.loancalculator.ws)
• Business Loan ORG (http://www.businessloan.org) Non-profit site offering information on business loans.
• Loan and Mortgage Glossary (http://www.fact-sheets.com/loans/glossary/)
• Loans and Lenders (http://www.loans-and-lenders.co.uk)