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Direct loan   /dərˈɛkt loʊn/   Listen
Direct loan

noun
1.
A loan by a lender to a customer without the use of a third party; direct lending gives the lender greater discretion in making loans.





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"Direct loan" Quotes from Famous Books



... transaction is no longer a simple one; it is decomposed into two parts, as I explained above in speaking of exchange. But, for all that, it has not changed its nature; it still contains all the elements of a direct loan. James has still got rid of a tool which was useful to him; William has still received an instrument which perfects his work and increases his profits; there is still a service rendered by the lender, which entitles him to receive an equivalent service from the borrower; ...
— Sophisms of the Protectionists • Frederic Bastiat


Words linked to "Direct loan" :   loan


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