Loan'- Middle English lan, lon, from Old Norse lān
1. Something lent for temporary use.
2. A sum of money lent at interest.
3. An act of lending; a grant for temporary use: asked for the loan of a
garden hose.
4. A temporary transfer to a duty or place away from a regular job: an
efficiency expert on loan from the main office.
Usage Note: The verb loan is well established in American usage and cannot be considered incorrect. The frequent objections to the form by American grammarians may have originated from a provincial deference to British critics, who long ago labeled the usage a typical Americanism. Loan is, however, used to describe only physical transactions, as of money or goods; for figurative transactions, lend is correct: Distance lends enchantment. The allusions lend the work a classical tone.
Debt: An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms.
hat throbbing in your head? That's a hangover from the borrowing binge we've enjoyed for most of this young century. And make no mistake, we did enjoy the party.
The beauty of the whole shindig was that we could justify it financially, since the costs of borrowing were relatively low. We were like mini private-equity firms, using cheap debt as leverage to scoop up our share of the American Dream. In retrospect, it's clear that what started as a celebration morphed into quite a bender. According to the Commerce Department, Americans collectively spent more than we earned after taxes for the past two years in a row -- the first time that's happened since the Great Depression.
When it comes to building wealth, saving and smart investing get the most ink. But understanding how to manage your debt can be even more important to your financial future. The explanation comes down to Home Economics 101: Paying interest works against you in the same way that earning it works for you when you invest.
That's why we've laid out four strategies that can help you make your debt cheaper, and let you get rid of it faster.
Equity - Middle English equite, from Old French, from Latin aequitās, from aequus, even, fair
1. The state, quality, or ideal of being just, impartial, and fair.
2. Something that is just, impartial, and fair.
3. Law
4. Justice applied in circumstances covered by law yet influenced by principles
of ethics and fairness.
5. A system of jurisprudence supplementing and serving to modify the rigor of
common law.
6. An equitable right or claim.
7. Equity of redemption.
8. The residual value of a business or property beyond any mortgage thereon and
liability therein.
a. The market value of securities less any debt incurred.
b. Common stock and preferred stock.
9. Funds provided to a business by the sale of stock.
1. Something lent for temporary use.
2. A sum of money lent at interest.
3. An act of lending; a grant for temporary use: asked for the loan of a
garden hose.
4. A temporary transfer to a duty or place away from a regular job: an
efficiency expert on loan from the main office.
Usage Note: The verb loan is well established in American usage and cannot be considered incorrect. The frequent objections to the form by American grammarians may have originated from a provincial deference to British critics, who long ago labeled the usage a typical Americanism. Loan is, however, used to describe only physical transactions, as of money or goods; for figurative transactions, lend is correct: Distance lends enchantment. The allusions lend the work a classical tone.
Debt: An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms.
hat throbbing in your head? That's a hangover from the borrowing binge we've enjoyed for most of this young century. And make no mistake, we did enjoy the party.
The beauty of the whole shindig was that we could justify it financially, since the costs of borrowing were relatively low. We were like mini private-equity firms, using cheap debt as leverage to scoop up our share of the American Dream. In retrospect, it's clear that what started as a celebration morphed into quite a bender. According to the Commerce Department, Americans collectively spent more than we earned after taxes for the past two years in a row -- the first time that's happened since the Great Depression.
When it comes to building wealth, saving and smart investing get the most ink. But understanding how to manage your debt can be even more important to your financial future. The explanation comes down to Home Economics 101: Paying interest works against you in the same way that earning it works for you when you invest.
That's why we've laid out four strategies that can help you make your debt cheaper, and let you get rid of it faster.
Equity - Middle English equite, from Old French, from Latin aequitās, from aequus, even, fair
1. The state, quality, or ideal of being just, impartial, and fair.
2. Something that is just, impartial, and fair.
3. Law
4. Justice applied in circumstances covered by law yet influenced by principles
of ethics and fairness.
5. A system of jurisprudence supplementing and serving to modify the rigor of
common law.
6. An equitable right or claim.
7. Equity of redemption.
8. The residual value of a business or property beyond any mortgage thereon and
liability therein.
a. The market value of securities less any debt incurred.
b. Common stock and preferred stock.
9. Funds provided to a business by the sale of stock.
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