Loan

      Loans are typically structured agreements with pre-defined time horizons, premiums, and payback schedules. A loan is a scenario in which one party lends another party some arbitrary asset with the expectations of full repayment plus a premium for the service. 

example:
     Arnold needed $300 to pay for his birthday party. He could not ask his job for payment advance so he decided to ask his friend, Brian, for a loan. Brian said he could only loan him the money if Arnold agreed to pay him back $312 by next month. Arnold Agreed had an amazing birthday party and paid back Brian $312 the very next day! Brian said from here on in if Arnold needs a loan he will give it to him.

      Related Terms:

      Resources

Donate

BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Welcome To The Crypfo Initiative!

There was an error while trying to send your request. Please try again.

Crypfo.info will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Join the Leaders of the Digital Economy.
Gain Access to Specialized Crypto Asset Insight before anyone else.