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Loan (1)
LOAN (1)

Definition: Money that an organization such as a bank lends and somebody borrows.
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* All eight elements should be in.


1. Purposeful for all the people or parties involved.

2. Considered a necessity to enter into deal.

3. Documented appropriately and properly.

4. Amount is considered adequate, once the papers are done, or the loan agreement (= document) is, duly signed.

5. Condition(s) attached, if any, to the exchange, are assumed agreeable to all parties (connect to #4).

6. Released promptly, by lender and received timely, by borrower.

7. Money is usable, useful or used - wisely.

8. Will be paid back as agreed. There would, therefore, be no unplanned loss arising from transaction.
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* it's PERFORMING, THAT IS, SHOULD NOT TURN 'BAD'.

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