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A secured loan is a form of debt in which the borrower pledges some asset (, a car, a house) as A mortgage loan is a very common type of loan, used by many individuals to purchase residential 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 loaned, loan·ing, loans. To lend (money or property). [Middle English lan, lon, from Old Norse lān; see leik w - in Indo-European roots .] Usage Note: The verb loan has been criticized by usage writers since the 19th century as an illegitimate browser doesn't support HTML5 audio. loʊn /. an act of lending something, esp. a sum of money that that has to be paid back with interest (= an additional amount of money that is a percentage of the amount borrowed), or an amount of money that has been lent: [ U ] Thanks for the loan …Loan definition is - money lent at interest. How to use loan in a sentence. loan vs. lend

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12/12/2020 · A take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan. The take-out loan will replace interim financing, such as …take out a loan. To receive a loan of money from creditors or a financial institution. I had to take out a loan to pay for the medical expenses. Thankfully they were able to take out a loan and implement the repairs and upgrades the health inspector had demanded. See also: loan, out, loans often are used to replace short-term loans, including personal loans and construction loans. For example, a take-out loan is used to replace a construction loan after ;· After the apartment building is finished, Company XYZ gets a $5 million mortgage from a take-out lender, Bank B. This loan has a 30-year term, is collateralized by a fully functioning apartment building, and has a 5% interest rate. Company XYZ uses Bank B's loan to pay off -- or take out -- Bank A's loan.

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