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Rating:In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt provided by an entity to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment.
read moreIn sports, a loan involves a particular player being to temporarily play for a club other than the one he is currently contracted to. Loan deals may last from a few weeks to all season-long and can also subsist for multiple seasons. Players may be loaned out to other clubs for several reasons.
read moreA loan guarantee, in finance, is a promise by one party to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Guarantor mortgages are popular with young borrowers who do not have a large deposit saved and need to borrow 100% of the property value to purchase a property.
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