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Loans 101 Application and Approval May 4th, 2008 A loan is a type of debt. Like all debts, a loan involves the re-allocation of money over a period of time between the borrower and the lender. The borrower initially receives an amount of money from the lender. This money is paid back either in full or in regular installments (with interest of course). Acting as a provider of loans is one of the principal task for financial institutions such as a bank. For banks, loans are generally fu

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Tags: Bank, Borrower, Debt, Home, Loan, Money

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