Business Terms and Jargon Explained
What is Loan
This is when a sum of money is given to and will need to be paid back. There is normally interest to be paid back in addition to the loan.
E.g. company A loan 100K to company B with 10% interest charged. Company B will have to pay back 110K back to company A. (100K + 10K interest)
The loan can be paid back in instalments or a lump sum depending on what has been arranged. If the loan was for one year either
1) The 110K is payable after the one year has expired or
2) There is 12 instalments of 9,166.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2005-07-16 23:12:15
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.