Lending Practice

Lending Practice - A transaction whereby property is lent or given to another on condition of return or, where the loan is of money, repayment. In a loan of money, the money lent becomes the property of the borrower during the period of the loan against an undertaking to return a sum of an equivalent amount either on demand or on a specified date or in accordance with an agreed schedule of repayments.

Class Information

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Identification

Label (rdfs)
Lending Practice
Preferred Label
None
Alternative Labels
Loan, LOA
Identifier
T-FIN-LOA

Definition and Examples

Definition
A transaction whereby property is lent or given to another on condition of return or, where the loan is of money, repayment. In a loan of money, the money lent becomes the property of the borrower during the period of the loan against an undertaking to return a sum of an equivalent amount either on demand or on a specified date or in accordance with an agreed schedule of repayments.
Examples
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Translations

de-de
Kreditvergabepraxis
en-gb
Lending Practice
fr-fr
Pratique de prêt
es-es
Práctica de préstamo
es-mx
Práctica de préstamo
pt-br
Prática de empréstimo
he-il
מעשה הלוואה
hi-in
उधार देने की अभ्यास
zh-cn
借贷实践
ja-jp
貸出実践

Class Relationships

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Additional Information

Comment
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Description
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Notes
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Deprecated
False

Metadata

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