loan agreement
Debt repayment document
A loan agreement is a contract between a lender and borrower specifying the terms of a loan—the amount borrowed, interest rate, repayment schedule, and consequences of default.
The term appears in contexts ranging from personal loans between friends to complex commercial financing: Read the loan agreement carefully before signing.
- borrowerOne who takes temporarily
- lenderOne who loans money
- credit checkExamination of payment history
- promissory noteWritten debt obligation
- usuryExtortionate money lending
debt trap · amortization · interest rate · fixed rate · variable rate · contract · sign on the dotted line · principal · creditor · prepayment penalty · guarantor · balloon payment · collateral · repayment schedule · debt · disbursement · grace period · late fee
- debt recordsinvoice, bill, statement, ledger, IOU
- financial contractsfutures contract, forward contract, insurance policy, derivative, annuity
- notarized documentspower of attorney, notarized copy, affidavit, certified copy, apostille
- loansloans, lend, borrow, auto loans, bank loans
- signed itemsautograph, check, contract, waiver, consent form
- contractsbinding contracts, contract length, lease, clause, contract terms
loan agreementhandshake deal
Unwritten mutual commitment
gentleman's agreement · verbal promise · oral agreement · word of honor
loan agreementgift
Item given freely
debt forgiveness · donation · grant · charitable contribution · bequest