A loan is a type of debt. All material things can be lent; this article, however, focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender http://www.corporatecreditconnection.com/ and the borrower.

Legally, a loan is a contractual promise of a debtor to repay a sum of money in network for the promise of a creditor to give another sum of money.