Credits, Loans, Mortgages

What is a loan, a credit and a debt

A loan (or a credit) is the provision of debt resources from one person or company to another. Usually a bank or another credit institution lends money to a customer. The entity which gives the money is called a “creditor” or a “lender” and the other party is called a “debtor” or a “borrower”. Usually the borrower owes the lender …

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