Financed Car
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A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount. The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent. Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding. From Wikipedia under the
GNU Free Documentation License Nounfinance (plural finances)
From Wiktionary under the
GNU Free Documentation License Wachovia Car Dealer Financing Rules For Repossession
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Used car sector charts growth | Motoring News
reaney, vcars.co.uk 2012-05-18 08:29:19 New data from the Finance & Leasing Association shows impressive growth in the used car sector: there was growth in the used car finance market of six per cent year-on-year, with just under 74000 used cars sold on finance ... Getting the Best Auto Loan You Can | haa
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