What Does Loan Mean?

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What does Loan mean? Read on to discover the definition & meaning of the term Loan - to help you better understand the language used in insurance policies.

Loan

Loan

A loan is a sum of money that is lent from one party to another with the condition that the borrowing party will repay the money plus interest by a certain date.

We hope the you have a better understanding of the meaning of Loan.

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