Definition, Meaning & Synonyms
bank-lending
Noun
/bæŋk ˈlɛndɪŋ/
Definition
The process by which banks provide funds to individuals or businesses with the expectation of repayment over time, usually with interest.
Examples
- A person can obtain a bank loan to buy a new car.
- Bank lending is crucial for the growth of small businesses.
- During economic downturns, bank lending may decrease significantly.
Meaning
Bank lending involves extending credit to borrowers, which can include personal loans, mortgages, business loans, and credit lines.
Synonyms
- Bank financing
- Credit provision
- Loan giving
