RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Guarantee Guarantor for the loan Hedge Funds Hire purchase price Hirer Hypothecation Interest Introductory Rate Late Payment Charges Loan Agreement Manufacturing Account Margin Amount Market value Marketable title Maturity Monopoly Monthly Statement Mortgage Net worth Non-performing Assets (NPA) Obligation of the borrower Overlimit fees Loan Agreement It is a written contract between the borrower and the bank or financial institution providing the loan. The loan agreement details the various aspects and terms and condition of the loan. The borrower must read the loan agreement carefully as once he enters into a legal contract with the bank by signing the loan agreement, the terms become binding.