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A loan given by a bank, mortgage company or other financial institution for the purchase of a primary or investment residence.
In order to understand how a business loan works, imagine borrowing a capital to fund a startup or pay for an existing business’s expansion without pledging anything against the borrowed amount.
Project finance is the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure, in which project debt and equity used to finance the project are paid back from the cash flow generated by the project.
Overdraft means the act of withdrawing money from the bank account. It is a facility provided by the bank to its customers who withdraws money more than the amount he holds in his account.