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A loan is a legal act which consists in transmitting, without requiring payment, the possession and use of property while retaining its property. The graceful character which distinguishes the loan from hiring and sale is always presumed. Where the term of the loan is not fixed, conditional or interpretable by the nature of the loan, the loan shall be deemed to have been made for the life of the borrower. ▪ In the case of finance, a loan is the transaction whereby a lender receives a loan from a beneficiary, usually through the payment by the lender of interest paid to the lender, together with a commitment to repay the loan. the amount loaned. The term loan is synonymous with borrowing for the one who provides the money. For the lender, it is a debt or a credit, for the borrower, it is a debt. The term loan, can also refer to a home loan in everyday language, also see the concept of mortgage.