Definition, Meaning & Synonyms
mutuo
noun
/ˈmjuːtʃuːoʊ/
Definition
A loan that is given to a borrower with the expectation that it will be paid back under agreed terms.
Examples
- He took out a mutuo from the bank to buy his new home.
- Before signing the mutuo, be sure to understand all the terms involved.
Meaning
In financial terms, ‘mutuo’ refers to a mutual agreement for a loan between parties, typically involving interest and collateral frameworks.
Synonyms
- loan
- credit
- advance