Lending agreement

Lending agreement

A contract regarding funds transferred between a lender and a borrower.

Lending Agreement

A contract specifying the terms of a loan. Included in a lending agreement are the amount to be borrowed, the interest rate, and the maturity, or time until the loan comes due. A lending agreement is legally binding, giving each party certain obligations toward the other, namely the lender's obligation to provide funds and the borrower's obligation to repay them..