Loan Agreement

A loan agreement or 'facilities agreement' is a contract which regulates the terms of a loan. Loan agreements usually relate to loans of cash, but market specific contracts are also used to regulate securities lending.

Loan agreements are usually in written form, but there is no legal reason why a loan agreement cannot be a purely oral contract (although in some countries this may be limited by the Statute of frauds or equivalent legislation).

Read more about Loan Agreement:  Types, Contents of Loan Agreement

Famous quotes containing the words loan and/or agreement:

    Slight was the thing I bought,
    Small was the debt I thought,
    Poor was the loan at best—
    God! but the interest!
    Paul Laurence Dunbar (1872–1906)

    There’s nothing is this world more instinctively abhorrent to me than finding myself in agreement with my fellow-humans.
    Malcolm Muggeridge (1903–1990)