Money (or property) given with the promise that it will be paid back in the future, usually with interest.
In this example Alex loans $1000 from the bank and pays it back plus $100 interest (for a total of $1100) next year.
See: Interest
Money (or property) given with the promise that it will be paid back in the future, usually with interest.
In this example Alex loans $1000 from the bank and pays it back plus $100 interest (for a total of $1100) next year.