NOUN | possession | consumer loan, personal loan | a loan that establishes consumer credit that is granted for personal use |
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Meaning | A loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay. | |
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Synonym | personal loan | |
Narrower | automobile loan, auto loan, car loan | A personal loan to purchase an automobile |
Broader | loan | The temporary provision of money (usually at interest) |
Spanish | crédito personal |
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