\lˈə͡ʊn ɐɡɹˈiːmənt], \lˈəʊn ɐɡɹˈiːmənt], \l_ˈəʊ_n ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\
Definitions of LOAN AGREEMENT
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Formal document, the signed contract, evidence a loan. Negative and positive covenants, guaranties, financial reporting requirements, applicable interest rate and fees, and how the loan will be repaid and over what period, type and value of the collateral pledged, are some of the parts and inclusions to a loan agreement.
By Henry Campbell Black
Word of the day
- A predisposition to interstitial subcutaneous serous or fibrinous infiltrations; subjects suffer from swollen lymph nodes, thickening of tongue, pruritus, seborrhea, gastric and cardiac crises; the condition is aggravated by pilocarpine, but favorably affected atropine adrenalin.