Loan for use

Loan for use,

Definition of Loan for use:

  1. Express or implied contract under which a lender hands over (see delivery) an asset to a borrower. The borrower is obligated to use the asset only for its normal and proper purpose or as specified by the lender, and return it within a specified or reasonable period. Type of lend lease.

Meaning of Loan for use & Loan for use Definition