Loan

/ləʊn/
Definition 1 of 3
Visual representation of "loan"
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Financial Commitment

A loan indicates a serious financial commitment and potential risk.

Illustration for Financial Commitment
Before signing, she considered the commitment of a home loan.
LampPro Tip 2/2

Secured vs. Unsecured

Loans can be secured with collateral or unsecured, which impacts the terms.

Illustration for Secured vs. Unsecured
Her car loan is a secured loan, backed by the car itself.
Visual representation of the word "Loan"

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