The word loan means

From Wikipedia, the free encyclopedia

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid, as well as to repay the principal amount borrowed.

The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent.

Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

Personal loan[edit]

Secured[edit]

A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral.

A mortgage loan is a very common type of loan, used by many individuals to purchase residential or commercial property. The lender, usually a financial institution, is given security – a lien on the title to the property – until the mortgage is paid off in full. In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it.

Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer.

Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc. This particular instrument issues customers a line of credit based on the quality of the securities pledged. Gold loans are issued to customers after evaluating the quantity and quality of gold in the items pledged. Corporate entities can also take out secured lending by pledging the company’s assets, including the company itself. The interest rates for secured loans are usually lower than those of unsecured loans. Usually, the lending institution employs people (on a roll or on a contract basis) to evaluate the quality of pledged collateral before sanctioning the loan.

Unsecured[edit]

Unsecured loans are monetary loans that are not secured against the borrower’s assets. These may be available from financial institutions under many different guises or marketing packages:

• Credit cards
• Personal loans
• Bank overdrafts
• Credit facilities or lines of credit
• Corporate bonds (may be secured or unsecured)
• Peer-to-peer lending

The interest rates applicable to these different forms may vary depending on the lender and the borrower. These may or may not be regulated by law. In the United Kingdom, when applied to individuals, these may come under the Consumer Credit Act 1974.

Interest rates on unsecured loans are nearly always higher than for secured loans because an unsecured lender’s options for recourse against the borrower in the event of default are severely limited, subjecting the lender to higher risk compared to that encountered for a secured loan. An unsecured lender must sue the borrower, obtain a money judgment for breach of contract, and then pursue execution of the judgment against the borrower’s unencumbered assets (that is, the ones not already pledged to secured lenders). In insolvency proceedings, secured lenders traditionally have priority over unsecured lenders when a court divides up the borrower’s assets. Thus, a higher interest rate reflects the additional risk that in the event of insolvency, the debt may be uncollectible.

Demand[edit]

Demand loans are short-term loans^[1] that typically do not have fixed dates for repayment. Instead, demand loans carry a floating interest rate, which varies according to the prime lending rate or other defined contract terms. Demand loans can be «called» for repayment by the lending institution at any time.^[2] Demand loans may be unsecured or secured.

Subsidized[edit]

A subsidized loan is a loan on which the interest is reduced by an explicit or hidden subsidy. In the context of college loans in the United States, it refers to a loan on which no interest is accrued while a student remains enrolled in education.^[3]

Concessional[edit]

A concessional loan, sometimes called a «soft loan», is granted on terms substantially more generous than market loans either through below-market interest rates, by grace periods, or a combination of both.^[4] Such loans may be made by foreign governments to developing countries or may be offered to employees of lending institutions as an employee benefit (sometimes called a perk).

Target markets[edit]

Loans can also be categorized according to whether the debtor is an individual person (consumer) or a business.

Personal[edit]

Common personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans, and payday loans. The credit score of the borrower is a major component in and underwriting and interest rates (APR) of these loans. The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well.^[5] A personal loan can be obtained from banks, alternative (non-bank) lenders, online loan providers and private lenders.

Commercial[edit]

Loans to businesses are similar to the above but also include commercial mortgages and corporate bonds and government guaranteed loans Underwriting is not based upon credit score but rather credit rating.

Loan payment[edit]

The most typical loan payment type is the fully amortizing payment in which each monthly rate has the same value over time.^[6]

The fixed monthly payment P for a loan of L for n months and a monthly interest rate c is:

For more information, see monthly amortized loan or mortgage payments.

Abuses in lending[edit]

Predatory lending is one form of abuse in the granting of loans. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over them; subprime mortgage-lending^[7] and payday-lending^[8] are two examples, where the moneylender is not authorized or regulated, the lender could be considered a loan shark.

Usury is a different form of abuse, where the lender charges excessive interest. In different time periods and cultures, the acceptable interest rate has varied, from no interest at all to unlimited interest rates. Credit card companies in some countries have been accused by consumer organizations of lending at usurious interest rates and making money out of frivolous «extra charges».^[9]

Abuses can also take place in the form of the customer defrauding the lender by borrowing without intending to repay the loan.

United States taxes[edit]

Most of the basic rules governing how loans are handled for tax purposes in the United States are codified by both Congress (the Internal Revenue Code) and the Treasury Department (Treasury Regulations – another set of rules that interpret the Internal Revenue Code).^[10]: 111

1. A loan is not gross income to the borrower.^[10]: 111 Since the borrower has the obligation to repay the loan, the borrower has no accession to wealth.^{[10]: 111 [11]}

2. The lender may not deduct (from own gross income) the amount of the loan.^[10]: 111 The rationale here is that one asset (the cash) has been converted into a different asset (a promise of repayment).^[10]: 111 Deductions are not typically available when an outlay serves to create a new or different asset.^[10]: 111

3. The amount paid to satisfy the loan obligation is not deductible (from own gross income) by the borrower.^[10]: 111

4. Repayment of the loan is not gross income to the lender.^[10]: 111 In effect, the promise of repayment is converted back to cash, with no accession to wealth by the lender.^[10]: 111

5. Interest paid to the lender is included in the lender’s gross income.^{[10]: 111 [12]} Interest paid represents compensation for the use of the lender’s money or property and thus represents profit or an accession to wealth to the lender.^[10]: 111 Interest income can be attributed to lenders even if the lender doesn’t charge a minimum amount of interest.^[10]: 112

6. Interest paid to the lender may be deductible by the borrower.^[10]: 111 In general, interest paid in connection with the borrower’s business activity is deductible, while interest paid on personal loans are not deductible.^[10]: 111 The major exception here is interest paid on a home mortgage.^[10]: 111

Income from discharge of indebtedness[edit]

Although a loan does not start out as income to the borrower, it becomes income to the borrower if the borrower is discharged of indebtedness.^{[10]: 111 [13]} Thus, if a debt is discharged, then the borrower essentially has received income equal to the amount of the indebtedness. The Internal Revenue Code lists «Income from Discharge of Indebtedness» in Section 61(a)(12) as a source of gross income.

Example: X owes Y $50,000. If Y discharges the indebtedness, then X no longer owes Y $50,000. For purposes of calculating income, this is treated the same way as if Y gave X $50,000.

For a more detailed description of the «discharge of indebtedness», look at Section 108 (Cancellation-of-debt income) of the Internal Revenue Code.^[14][15]

See also[edit]

US specific:

References[edit]

заем, ссуда, заимствование, ссудный, давать взаймы, ссужать

существительное ↓

глагол

- давать взаймы, ссужать (тж. loan out)
- разг. брать взаймы занимать
- давать деньги под проценты

Словосочетания

the second instalment of a loan — вторая часть выплаты ссуды / второй платёж в счёт кредита  
new loan connected with railway development — новый целевой заём на строительство железной дороги  
to accommodate with a loan — дать кому-л. деньги взаймы  
interest on a loan — процент по ссуде  
jumbo loan — крупный заем  
to float a loan — размещать заём  
to get / receive a loan — получить ссуду  
to make a loan — взять ссуду  
to pay off / repay a loan — вернуть ссуду  
to secure a loan — обеспечить ссуду  
to underwrite a loan — обеспечить ссуду, предоставить обеспечение по ссуде  

Примеры с переводом

Примеры, ожидающие перевода

Возможные однокоренные слова

loaning  — ссуживающий, дающий взаймы, давание денег взаймы, ссуживание
loanable  — получаемый или даваемый взаймы, тот, о деньгах
loaner  — ссудодатель, вещь, полученная напрокат или во временное пользование

Формы слова

verb
I/you/we/they: loan
he/she/it: loans
ing ф. (present participle): loaning
2-я ф. (past tense): loaned
3-я ф. (past participle): loaned

noun
ед. ч.(singular): loan
мн. ч.(plural): loans

What do we mean by loan?

An instance of lending. noun

A sum of money that is lent, usually with an interest fee. noun

The agreement or contract specifying the terms and conditions of the repayment of such a sum. noun

The repayment obligation associated with such an agreement. noun

The right to payment associated with such an agreement. noun

The state of being lent for temporary use. noun

To lend (money or property). transitive verb

To lend.

To lend money or other property; make a loan.

A lane. noun

An open space between fields of corn, left untilled as a passage for cattle; hence, a place near a village for milking cows. Also loaning. noun

A grant; gift; reward. noun

That which is lent; anything furnished on condition of the future return of it, or of the delivery of an equivalent in kind; especially, a sum of money lent at interest. noun

The act of lending or the condition of being lent; a lending: as, to arrange a loan. noun

In civil law, when the loan was made of things which could be returned only by their material equivalent, it was called mutuum; when made of things which could be returned in the identical form, it was called commodatum. noun

Permission to use; grant of the use: as, a loan of credit. noun

The act of lending; a lending; permission to use. noun

That which one lends or borrows, especially a sum of money lent at interest. noun

A pawnbroker’s shop. noun

An act or instance of lending, an act or instance of granting something for temporary use.

A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).

The contract and array of legal or ethical obligations surrounding a loan.

The permission to borrow any item.

The woman i love Urban Dictionary

I said this is a fucking stick-up, gimme yo money bitch Urban Dictionary

A complete fucking idiot. Urban Dictionary

I said this is a fucking stick-up, gimme yo money bitch Urban Dictionary

Loane is a normally a lovely person, But sometimes it’s not the case, if you wake her up with an attitude against her she will get SUPER MAD 😡. It’s commonly a girls name. Urban Dictionary

IDK what it means tbh Urban Dictionary

The name of a popular Tumblr user. Loan frequently posts witty one-liners and webcam pictures. She has many followers. Loan’s posts also express love for pancakes, Tegan and Sara, and dress shirts. She has several followers, some of whom express the desire to marry her. Urban Dictionary

Something that is extremely slow Urban Dictionary

When a male loans his wang or male sex organ to a female aka having loan sex. The female must pay back the male within a reasonable time or else she is forced to become his pimp. Urban Dictionary

A Hoe Loan is when a hoe needs fast cash for hoe things like going to Las Vegas, going to a club, a bottle, bottle service, hoe attire, etc. Hoes normally pay the hoe loans back through hoe actions or they just get the cash because they are great hoes. Urban Dictionary