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Definition of Loan Loan is a simple concept which means lending money from another individual, bank or organization. It is kind of debt on which interest is applicable, it has a written evidence note and usually paid back on set defined time, either lump sum or in installments.   Brief Explanation of Loan Debt loan has […]

Definition of Liability Liability in general means something one is legally responsible of. In business, liability can be defined as future outflow of money or economic benefits that the company is liable to make to the other entity as a result of past event or transaction. It is the business obligation or debt that arises during […]

Definition of Liquidity Liquidity is the availability to quickly convert or transform assets and securities into cash. For liquid assets, there has to be a permanent active market i.e. there should be available active buyers and sellers. Some assets are more liquid than others. Brief Explanation of Liquidity Example of liquid assets include cash in hand, investments […]

Definition of Loan application Loan application as the name suggests is an application for loan. When an individual wants to apply for loan either in bank or any other financial institution he is required to write an application apart from a loan form. The loan can either be personal or business. In both cases application, might […]

Definition of Load fund Load fund are those which include the charges of commission during the time of sale or purchase. This commission is kind of agent or broker fee who offer their expertise for intelligent investment and appropriate time to sell them. This fee is normally in percentage form or amount of funds available to […]