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Which term is defined as the money you owe to a business that extended a loan to you?
Wiki User
∙ 6y ago
Debt
Wiki User
∙ 6y ago
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Which term is defined as the money you owe to a person business or institution that extended loan to you?
debt
What term refers to a person business or institution that extended a loan to you?
The word you want is lender.
What is continuous loan?
A continuous loan is one which has no predefined end date. The loan is constantly being paid into, extended, and changed based on the needs of the consumer or business.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
Which term is defined as the money you owe to a person business or institution that extended loan to you?
debt
Which term is defined as the money you owe to a person business or institution that extended a loan to you?
debt
What terms refer to the person business or institution that extended a loan to you?
The "lender".
What term refers to a person business or institution that extended a loan to you?
The word you want is lender.
Where do businesses get money from?
They get a small business loan.
What is continuous loan?
A continuous loan is one which has no predefined end date. The loan is constantly being paid into, extended, and changed based on the needs of the consumer or business.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
How does tax hinder business'?
they borrow money and take it as a loan
A loan extended to a person by a lender is called?
A loan extended to a person is called credit.
What is the use of a miniorty small business loan?
The use of a minority small business loan is to give a small business a small amount of money which later will have to be re payed. These are mostly used when a business starts out.
Do you agree that a business plan is a waste of time and money?
A business plan is an important part of starting a business. Without a business plan, you will be unprepared when things don't work out, causing you to lose money or even your business. Most loan companies require a business plan before they wil approve you for a loan.
