effecting a loan

effecting a loan
Arrangement of terms and completion of a loan of money; to be distinguished from the renewal of a loan. State v Love, 170 Miss 666, 150 So 196, 90 ALR 506.

Ballentine's law dictionary. . 1998.

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  • effecting loan — To bring about a loan. To accomplish, fulfill, produce or make a loan. It means the result or consequence of bringing into operation a loan; while renewal is not a loan, but an extension of the time of payment …   Black's law dictionary

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