Climate change pushes Italy beekeepers to the brink

Unusual weather driven by climate change is wreaking havoc on bee populations, including in northern Italy where the pollinating insects crucial to food production are struggling to survive.

Negative interest rate policies are backfiring: new research

Negative interest rate policies—where nominal rates are set below zero percent—have been introduced in Europe and Japan to stimulate flagging economies but research from the University of Bath shows the unconventional ...

Empowering African farmers with data

With a couple billion more people estimated to join the global population in the next few decades, world food production could use an upgrade. Africa has a key role to play: Agriculture is Africa's biggest industry, but much ...

When development and conservation clash in the Serengeti

A proposed Northern Serengeti all-weather tarmac road that will bisect Serengeti National Park, a World Heritage site, has sparked considerable debate. Opponents say that the road could disrupt the migration of approximately ...

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Loan

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.

The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

This text uses material from Wikipedia, licensed under CC BY-SA