Loan: Money you borrow, usually from a bank or other financial institution. In exchange for giving you the money you need, you will need to pay them a percentage of that money as interest (on top of giving them back what you borrowed). Common types of loans are student, mortgage, auto and home equity.

By | 2015-01-22T14:38:17+00:00 January 21st, 2015|Comments Off on Loan