A classified loan is a bank loan that is in danger of default. Classified loans have unpaid interest and principal outstanding, but don't necessarily need
A loan is the lending of money by one or more persons, organizations, or other entities to other individuals, organizations, or other entities in finance. The recipient incurs a debt and is typically required to pay interest on that loan until it is repaid, in addition to repaying the primary amount borrowed.
A loan is a type of debt that an individual or other entity incurs. The lender, who is typically a corporation, financial institution, or government, lends money to the borrower. In exchange, the borrower agrees to a set of terms, which may include finance charges, interest, a payback date, and other conditions.
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