👉 In accounting and finance, a loan is an agreement between two parties to borrow money or property. The borrower agrees to repay the lender with interest at a set rate over time. Borrowing can be done through various means such as personal loans, credit cards, mortgages, or loans from banks. If you want to borrow money, you must first understand that borrowing is not an easy process and requires careful consideration and planning. In summary, "borrowing" refers to the act of taking out a
