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Categories: Economics & Finance
Formal document that evidences a loan. It may also include negative and positive covenants, type and value of the collateral pledged, guaranties, financial reporting requirements, applicable interest rate and fees, and how the loan will be repaid and over what period.
(source: http://www.businessdictionary.com/definition/loan-agreement.html#ixzz2E6jKCyVW)
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