Friendly Loan

Friendly Loan
A loan agreement between associates. This type of loan is known as a friendly loan because the agreement is usually made between friends, family or acquaintances. These types of loan agreements are rarely legally documented and stipulations are usually verbally agreed upon.

Friendly loans are the most common type of loan agreement, whether it be among friends, family or associates. In many circumstances, failure to repay such loans can not be legally challenged, as most friendly loans are made in good faith between closely associated parties. These loans, however, are also not reported to the credit bureau and do not reflect one's credit score.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… …   Wikipedia

  • Friendly society — For the Australian charitable organization, see Benevolent Society. A friendly society (sometimes called a mutual society, benevolent society or fraternal organization) is a mutual association for insurance, pensions or savings and loan like… …   Wikipedia

  • List of Zombie-Loan characters — The main characters (from left to right): Shito, Chika, and Michiru. This article contains profiles and information for the characters of the anime and manga series Zombie Loan. Some info may spoil reader if you haven t finish watching/reading… …   Wikipedia

  • FBK Kaunas to Hearts — Loan moves from Lithuanian football club FBK Kaunas to Scottish Premier League club Hearts have proved controversial in Scottish football. Both clubs are controlled by businessman Vladimir Romanov and the comparatively large number of such loans… …   Wikipedia

  • 2009–10 Derby County F.C. season — Derby County F.C. Season 2009–10 League Football League Championship Manager Nigel Clough Chairman …   Wikipedia

  • David Healy (footballer) — David Healy Personal information Full name …   Wikipedia

  • 2010–11 Derby County F.C. season — Derby County F.C. Season 2010–11 League Football League Championship Manager Nigel Clough Chairman …   Wikipedia

  • David Beckham — Persona …   Wikipedia

  • Mido (footballer) — Mido Personal information Full name …   Wikipedia

  • 2008 Djurgårdens IF season — Djurgården 2008 season Chairman Bo Lundquist Manager …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”