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A loan.

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12y ago

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Related Questions

What is money borrowed and not yet paid back?

Debt


What is the difference between credit and debit?

Credit refers to money that is borrowed and must be paid back, while debit refers to money that is taken directly from a bank account.


What's the difference between credit and debit?

Credit refers to money that is borrowed and must be paid back, while debit refers to money that is already in an account and is being spent.


Do you have to pay taxes on money borrowed against paid up life insurance?

Borrowed money is not taxable.


When people take out a mortgage they must pay back the money?

Yes. The money must be paid back to the lender. If not paid back then lender can take possession of the real estate and sell it.


What are examples of loans that don't have to be paid back?

There are no examples of loans that do not have to be paid back. Loans are typically borrowed funds that must be repaid with interest according to the terms agreed upon.


What are the differences between owners fund and borrowed fund?

The difference between owner's funds and borrowed funds is just that. One is owned, and the other must be paid back.


Why did Hoover oppose deficit spending?

He thought it would actually delay an economic recovery. Money borrowed must be paid back which is always hard to do. If the money is not paid back, the interest on it much be paid. It is tempting to borrow money to pay the interest and so the interest increases and become more burdensome. Taxes have to be raised just to pay the interest and increased taxes tend to restrict.


Can you provide information on loans that do not require repayment?

There are no loans that do not require repayment. Loans are borrowed money that must be paid back with interest. Grants and scholarships are types of financial aid that do not need to be repaid.


What is the price paid for the use of borrowed money?

It is interest


What do you mean by loan?

A loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. Banks can give these out.


What is an example of congress's borrowing power?

Money borrowed to pay for government expenses such as police, teachers, emergencies. Money which eventually will be paid back by taxes.