- irrecoverable loan
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irrecoverable loan UK US noun [C] FINANCE► a loan that will never be paid back: »The bank was able to write off most of its irrecoverable loans over of five years.
Financial and business terms. 2012.
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The bank was able to write off most of its irrecoverable loans over of five years.
Financial and business terms. 2012.
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
USURY — Biblical Law SOURCES If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor (nosheh), neither shall ye lay upon him interest (Ex. 22:24). And if thy brother be waxen poor and his means fail with … Encyclopedia of Judaism
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