family loans
Kin-based borrowing arrangements
Family loans are money lent between relatives, typically from parents to adult children or between siblings.
Unlike bank loans, family loans often carry low or no interest and flexible repayment terms, though this informality can create tension: The family loan for the house became a sore point at every holiday dinner.
Smart families put terms in writing to preserve relationships.
- borrowingTemporary taking of another's
- lendingTemporary provision of resources
- relativesThose connected by blood
- moneyCurrency for transactions
- debtMoney owed another
repayment · interest · trust · awkward · thanksgiving · inheritance · blood money · siblings · parents · obligation · handshake · guilt · strings · strings attached · favors · bailout · cosign · mortgage
- funding sourcessavings, grants, donations, scholarships, fellowships
- business fundingventure capital, angel investor, debt financing, seed funding, private equity
- charitable loansmicroloans, microcredit
family loansbank loans
commercial loans · mortgage lender · credit union loans · payday loans · venture capital
family loanssecured loans
Borrowing backed by assets
legal contracts · high-interest loans · predatory lending · loan sharks
family, families, familial, familiar, familiarity, familiarize, familiarization, unfamiliar, loan