Political Science, asked by sahurenuka231, 11 months ago

What is the definition of loan

Answers

Answered by rocky364

6

Answer:

Loan is a sum of money taken by the lender on any fixed rate of interest taken per year

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Answered by shardapal94

5

Answer:

A loan is when you receive money from a friend, bank or financial institutions in exchange for future repayment of the principal and interest

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