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time loan

noun

  1. a loan repayable at a specified date.


time loan

noun

  1. a loan repayable before or at a specified future date Compare call loan
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of time loan1

First recorded in 1905–10
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Example Sentences

And it means higher mortgage payments making first time loans less affordable.

From BBC

Write to him, saying that it is not your practice to make time loans for definite periods longer than six months, as it is not a good plan thus to tie up your deposits.

From this time loans are perpetually being made; and at least six manuscripts other than those mentioned above were lent this year.

What are the economic differences between long and short time loans?

For the same reason legitimate banking is limited to short time loans—on demand, thirty, sixty, ninety days—the shorter being the safer.

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timelinesstime lock