Loan Amount. The amount the borrower promises to repay, as set forth in the loan contract. The loan amount may exceed the original amount requested by the borrower if he or she elects to include points and other upfront costs in the loan. The Mortgage definition: 1. an amount of money that is borrowed, often from a bank, and has to be paid back, usually…. Learn ;· A maximum loan amount describes the total that one is authorized to borrow. It is used for standard loans, credit cards, and line-of-credit accounts. Education5/26/2020 · The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender | meaning in the Cambridge English DictionaryLOAN | meaning in the Cambridge English DictionaryLOAN | meaning in the Cambridge English Dictionary

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