Definitions from the Web
Money Lent
Definition:
Money lent refers to the act of providing a sum of money to someone with the expectation of repayment in the future, usually with added interest.
Parts of Speech:
- Verb: lend money, lend funds
- Noun: lent money, borrowed money
Senses:
- The action of lending money to someone.
- The sum of money that is borrowed and expected to be repaid.
Sample Sentences:
- They decided to lend money to their friend to help start a business.
- He borrowed a significant amount of money from the bank.
- Her generous act of lending money saved him from a financial crisis.
- After considering the interest rate, he decided to borrow money from a reliable source.
Usages:
Money lent can be used in various situations, including:
- Commercial loans: Businesses often rely on money lent for expansion, investments, or day-to-day operations.
- Personal loans: Individuals may borrow money to cover personal expenses, such as buying a house, car, or paying for education.
- Peer-to-peer lending: Online platforms enable individuals to lend and borrow money directly from each other.
Popular and Local:
Money lending practices can have popular or local variations depending on cultural and regional contexts. For example:
- In some cultures, money lent amongst family members may not involve interest as it is based on trust and mutual support.
- In certain local communities, there may be informal money lending mechanisms that operate outside traditional financial institutions.
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