A sum of money or other valuables or consideration that an individual, group, or other legal entity borrows from another individual, group, or legal entity (later often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
A sum of money or other valuables or consideration that an individual, group, or other legal entity borrows from another individual, group, or legal entity (later often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).