Loan agreement vs borrow agreement

The correct phrase is 'loan agreement.' 'Borrow agreement' is not a commonly used phrase in English. When referring to an agreement between a lender and a borrower, 'loan agreement' is the appropriate term.

Last updated: March 24, 2024

Loan agreement

This phrase is correct and commonly used in English.

This phrase is used to refer to an agreement between a lender and a borrower outlining the terms and conditions of a loan.

Examples:

They signed a loan agreement with the bank.
The loan agreement specifies the interest rate and repayment schedule.
Make sure to read the loan agreement carefully before signing.
The parties involved negotiated the terms of the loan agreement.
The loan agreement is legally binding once signed.

Show examples from the web [+]

rectification of a breach of a long-term loan agreement;
Such notification shall be given in accordance with the applicable procedures as specified in the syndicated loan agreement.
The Memorandum of Understanding and the Loan agreement will comprise a set of provisions on inspection, fraud prevention, audits, and recovery of funds in the case of fraud or corruption.
The Commission notes that this loan agreement of December 2011 demonstrates that Air Malta was already able to obtain external financing at market conditions without any assistance of the Maltese authorities.
Before entering into the Osinek loan agreement, the liquidator commissioned the independent consulting company, EBC and the law firm JUDr.
The conditions for disbursement are stipulated in the memorandum of understanding attached to the loan agreement between the lenders and Greece.
According to media reports, financially weak states can suspend loans to Greece if their refinancing costs exceed the interest they receive under the loan agreement.
Accounts receivable from ČSA arising from the Osinek loan agreement were assigned to the Ministry of Industry and Trade in September 2009.
With regard to debt amounting to EUR 76 million transferred to MAVA, this originates in a 2003 loan agreement between Malév and MFB.
Any mechanisms set out by the loan agreement must take these factors into account in order to enable the EU institutions to strictly monitor how well it is being implemented.
Farice hf. was charged with an annual premium of 0,5 % (established by the Icelandic National Debt Management) which was paid upfront when the loan agreement and the State guarantee were issued.
Loan Agreement of 17 September 2001 between the European Community and the Federal Republic of Yugoslavia,
The Osinek loan agreement was concluded and signed on 30 April 2009 on behalf of Osinek by its liquidator.
In addition, by several addendums to the Osinek loan agreement (see recital 8) additional collateral assets were added and some assets were released.
The detailed financial terms of the Union's macro-financial assistance shall be laid down in a Loan Agreement to be agreed between the Commission and the Jordanian authorities.
The Memorandum of Understanding and the Loan Agreement to be agreed with the Jordanian authorities shall contain provisions:
Thus, if Nitrogénművek fails to repay the loans and MFB calls the guarantee, the State can satisfy its claims from the pledges under the loan agreement.
The credit committee decided that the loan could be granted provided that the loan agreement comprised these various conditions and forms of security for BNG.
The new loan agreement also included an existing NLG 5 million (EUR 2,2 million) financing.
Second, the loan agreement between BNG and VAOP included various commissions to be charged in the event that VAOP actually called upon certain loan facilities.

Alternatives:

credit agreement
financing agreement
lending agreement
debt agreement
repayment agreement

borrow agreement

This phrase is not commonly used in English and is not correct. The correct term is 'loan agreement.'

Show examples from the web [+]

Agreements to borrow and other enforceable claims having similar effect
(b) the natural or legal person has entered into an agreement to borrow the share or sovereign debt instrument;
the natural or legal person has entered into an agreement to borrow the share or sovereign debt instrument;
the natural or legal person has entered into an agreement to borrow the share or
The agreement, contract or claim shall be provided in a durable medium by the counterparty to the natural or legal person as evidence of the existence of the agreement to borrow or other enforceable claim.
(-a) is in possession of or entered into an agreement to borrow the relevant securities or other financial instruments at the time of the submission of the short sale order;
Eesti Pank entered into an agreement with Sveriges Riksbank, under which it can borrow up to SEK 10 billion against Estonian kroons as a preventive measure to safeguard financial stability in Estonia.
Sveriges Riksbank also extended its agreement with Latvijas Banka - entered into together with Danmarks Nationalbank in December 2008 - which gives Latvijas Banka the right to borrow up to Euros 500 million against Latvian lats.
This agreement provides the Magyar Nemzeti Bank with a facility to borrow up to Euros 5 billion in order to support its domestic operations for the provision of euro liquidity.
9. The financial provisions relating to the exercise of the Council's powers are set out in Part Two of this Agreement. The Council shall not have the power to borrow money.
(b) That the associated ICO shall not borrow from any third party for its buffer stocking operations, unless the associated ICO and the Fund have reached mutual agreement on a basis by the executive board;

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Loan agreement vs borrow agreement

Loan agreement

borrow agreement

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