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A loan A loan is a legal document which consists in transmitting, without requiring of it the payment, the possession and the use of a good while preserving its property. In finance, a loan is the operation which funds are given by a lender to a recipient. For the lender, it is a credit. For the borrower, it is a debt. The term of loan, can also refer to the concept of real estate credit. The convention defined by the civil law says: somebody (the lender) delivers a thing to someone else (the borrower), but with responsibility to restore it after a given time.
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