Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.

Direction: Read the following passage and answer the questions given below.

Lending (also known as "financing") occurs when someone allows another person to borrow something. Money, property, or another asset is given by the lender to the borrower, with the expectation that the borrower will either return the asset or repay the lender. In other words, the lender gives a loan, which creates a debt that the borrower must settle.

Simply put, lending allows someone else to borrow something. In terms of business and finance, lending often occurs in the context of taking out a loan. A lender gives a loan to an entity, which is then expected to repay their debt. Lending can also involve property or another asset, which is eventually returned or paid for in its entirety.

Lending occurs whenever a lender gives something to a borrower on credit. It's a broad term that encapsulates many different kinds of transactions.

Common lenders include financial institutions, such as banks and credit unions, that build a business model around lending money. The borrower pays a price for taking out the loan in the form of interest. If the lender feels there's a higher risk of not being paid back by a borrower, like with a new startup business, they will charge that borrower a higher interest rate. Lower-risk borrowers pay lower interest rates.

Lenders do not participate in your business in the same way as shareholders, owners, or partners. In other words, a lender has no ownership in your business.

Lending can be broadly broken down into two categories: personal (or "consumer") lending and business lending. Some types of loans are available in both personal and business lending, though they are handled differently.