Loan
Transfer of money that must be repaid
All edits by Rebecca Smith
Edits on 14 Aug, 2023
Rebecca Smith
Edits made to:
Article (+147/-146 characters)
Article
A loan is money that one party gives to another party in a transaction with the condition that they return it with interest. Loans have been known since ancient times. Even before our era, some people lent to others.
Loans have been known since ancient times. Even before our era, some people lent to others. Today, it is mostly commercial banks that lend money.
Today, it is mostly commerical banks that lend money. Recently, with the development of the Internet, such a form of lending as p2p-lending, that is financial relationships between individuals, is becoming popular.
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