What is the definition of Loans in process? | Dictionary.net

LOANS IN PROCESS

\lˈə͡ʊnz ɪn pɹˈə͡ʊsɛs], \lˈə‍ʊnz ɪn pɹˈə‍ʊsɛs], \l_ˈəʊ_n_z ɪ_n p_ɹ_ˈəʊ_s_ɛ_s]\

Definitions of LOANS IN PROCESS

1910 - Black's Law Dictionary (2nd edition)

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Loans on the books as assets, committed to by the lending institution, ready for full disbursement, waiting for the closing.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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