DIRECT LOAN • FREE TRANSLATOR.ORG • Definition of Direct loan

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/dərˈɛkt loʊn/ Listen

Direct loan

noun

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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Etymology of 'Direct loan'

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"Direct loan" Quotes from Famous Books

... furnished us, was extremely awkward." One would think so, indeed! So he fell back on a "general application" made some time before, and received naturally the general answer that France herself was being put to enormous expenses, which were aiding the States as efficiently as a direct loan of money could do. The most he could extort was the king's guaranty for the payment of the interest on $3,000,000, provided that sum could be raised in Holland. The embarrassing fact was that the plea of poverty advanced by the ...

— Benjamin Franklin • John Torrey Morse, Jr.

... 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