family loan
Kin-financed borrowing arrangement
A family loan is money borrowed from or lent to a relative, typically with informal terms, low or no interest, and flexible repayment expectations.
Such arrangements can strain relationships when expectations differ: The family loan turned into a gift when my brother never paid it back.
Tax implications may apply to larger amounts.
- borrowObtain for temporary use
- lendGive temporarily
- lending moneyProviding funds for repayment
- interestAttention, stake, or fee
- repaymentGiving back what's owed
relative · parents · sibling · money · handshake · trust · awkward · hard feelings · thanksgiving · holiday dinner · debt · favor · informal · cosign · emergency · guilt · obligation · payback
- loanslend, borrow, borrower, lender, microloan
- informal creditIOU, tab, marker, chit, bar tab
- informal financecash only, under the table, off the books, handshake deal, verbal agreement
family loanbank loan
Borrowed money from lender
commercial loan · payday loan · auto loan · student loan · credit union loan
family loansecured loan
Borrowing with pledged collateral
fixed-rate mortgage · legal obligation · contractual obligation
family loangift
Item given freely
inheritance · grant · earned income · wages · windfall
family, loan, families, familial, familiar, familiarity, familiarize, familiarization, unfamiliar