RELOAN Meaning and
Definition
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Reloan is a financial term that refers to the process of borrowing money again, typically from the same lender, after a loan has been repaid in full. It involves the renegotiation of terms and conditions for a new loan agreement.
When a borrower successfully repays a loan, they may find the need for additional funds for various purposes such as business expansion, personal expenditures, or refinancing existing debt. In such cases, a borrower may choose to reloan as a means to obtain the necessary funds. The process involves entering into a new loan agreement with the lender, which includes the determination of interest rates, repayment period, and any other terms that may be different from the previous loan.
Reloaning offers benefits both for the borrower and the lending institution. For the borrower, it can provide easy access to additional funds without the need for a lengthy application process. Moreover, if the borrower has a good repayment history, they may negotiate better terms for the new loan. For the lender, it presents an opportunity to maintain an ongoing relationship with a reliable borrower and continue earning interest on the loan.
In summary, reloan refers to the act of borrowing money again from the same lender after repaying a previous loan, enabling borrowers to access additional funds while establishing a sustained borrowing relationship.
Common Misspellings for RELOAN
- eeloan
- deloan
- feloan
- teloan
- 5eloan
- 4eloan
- rwloan
- rsloan
- rdloan
- rrloan
- r4loan
- r3loan
- rekoan
- repoan
- reooan
- relkan
- rellan
- relpan
- rel0an
- rel9an
Etymology of RELOAN
The word "reloan" is a combination of the prefix "re-" meaning "again" or "to do again", and the noun "loan", which refers to the act of lending money or something that is borrowed with the intention of being returned. The etymology of "loan" traces back to the Old Norse word "lán" and the Middle English word "loone", both of which meant "to lend". Over time, the "re-" prefix was added to form "reloan", which essentially means to borrow or lend again.
Conjugate verb Reloan
CONDITIONAL
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would reloan
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FUTURE
I
will reloan
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FUTURE PERFECT
I
will have reloaned
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PAST
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reloaned
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reloaned
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PAST PERFECT
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had reloaned
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PRESENT
I
reloan
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reloan
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PRESENT PERFECT
I
have reloaned
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I
am reloaning
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was reloaning
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were reloaning
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had been reloaning
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had been reloaning
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would have been reloaning
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would have been reloaning
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