The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent. Acting as a provider of loans is one of the principal tasks for financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
- ISBN13 9781387310012
- Publish Date 20 October 2017
- Publish Status Out of Print
- Out of Print 25 June 2021
- Publish Country US
- Imprint Lulu.com
- Format eBook (OEB)
- Language English