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What Exactly Is Lending? Meaning and Examples of Lending

What Exactly Is Lending? Meaning and Examples of Lending

Lending (also called “financing”) takes place when somebody permits someone else to borrow one thing. Money, home, or any other asset is written by the lending company to your debtor, utilizing the expectation that the debtor will either get back the asset or repay the financial institution. Easily put, the financial institution offers that loan, which produces a financial obligation that the borrower must settle.