Daily Archives 01.08.2019

The concept of «loan» is quite extensive. In the simplest version, a loan is the transfer of funds and other tangible assets from the lender to the borrower on the aspects of the subsequent return after a View here certain time period. In a more detailed sense, the definition of a loan is likely to construct as follows:

A loan is a type of relationship in the course of which one party transfers to the disposal of another monetary methods or other meanings formed by generic characteristics: weight, measure, number, etc. the Borrower undertakes to return the same required amount or other property in fact that the size, a sort of the same kind and quality, in which it was taken in a temporary implementation.

As for the services of MFIs and other currency structures, in this sense, a loan is a...