Loan

Definition - Noun
1 a  : money lent at interest
b  : something lent usu. for the borrower's temporary use
2  : a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu. with interest
broadly
: the furnishing of something to another party for temporary use with the agreement that it or its equivalent will be returned <the leasing of the vehicle was termed a ~ subject to usury statutes>



Search Legal Dictionary


Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com		 Merriam-Webster

in personam jurisdiction

the jurisdiction granted a court over persons before it that allows the court to issue a binding judgment


Terms & Conditions   Privacy   Copyright © 2008 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.