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06-15-2016, 12:30 PM #10Senior Member
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Yes it is. On it's face and by pure definition:
Originally Posted by mcaguru
loan
lōn/Submit
noun
1. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
"borrowers can take out a loan for $84,000"
synonyms: credit, advance; More
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