In finance, a loan
is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt
provided by an entity (organization or individual) to another entity at an interest rate
, and evidenced by a promissory note
which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset
(s) for a period of time, between the and the .