A loan is a certain amount of money provided by a person, company or bank for a certain period of time. The term credit is derived from the Latin word “crēdere”, meaning faith or trust. A loan is usually understood as the transfer of material or financial resources to third parties within a certain period of time and against payment of a so-called loan interest. In finance and banking there are terms that at first glance do not seem very understandable. Repayment is the technical term for the repayment of a loan.
The term credit comes from the southern word “” “” “” crēdere “, which believes The term credit comes from the southern word” “” “” “” crēdere “, which is either trusted or trusted”. A loan is usually understood as the transfer of material or financial resources to third parties within a certain period of time and against the payment of a so-called. A lender, also known as a vendor, lends money to a borrower, who is also known as a borrower.
As a rule, a loan must be repaid within a specified period, which can be either in regular tranches or, in the case of a repayment loan at the end of the loan term, for a total amount. The basis of any loan is the trust assets of a person or a company to properly fulfill the existing obligation through future willingness to pay and solvency.
This familiarity with the borrower or the company also means credibility.
This, together with the solvency, results in the so-called debtor credit rating, which is attributed to a debtor. Loans can vary depending on maturities and lenders. Just as there are short-, medium- and long-term loans, there are also, for example, delivery, debtor or bank loans.
Commercial banks are the most important donors in the German-speaking world. In the case of a bank loan, the bank grants a bank loan on the basis of a contract and checks in advance, based on the information provided, whether the applicant is solvent and marketable. In the case of a bank loan, the payer must also apply to the payee (the bank) to repay the loan within a certain period plus accrued interest payments.
Bank loans include, for example, the type of personal loans that a person gives to another person or to a particular company. In addition to bank loans, there are also those of partners and private individuals (peer-to-peer loans), just as the transfer of use relates to the fungible object (commercial loan). In addition, the term credit can also express a delay in payment or a distortion of the credit.
A young family member wants to purchase a vehicle and therefore takes out a loan from his bank. Alternatively, she could make a loan application to creditend, which could then be approved by private individuals.