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Definition of long-term loan: A type of loan that has an extended time period for repayment usually lasting between three and 30 years. Car loans and...
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Long-term debt consists of loans and financial obligations lasting over one year. Long-term debt for a company would include any financing or leasing obligations that ...
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Definition of long term loan: A form of debt that is paid off over an extended time frame that exceeds one year in duration.
Long term loans can cost more as you pay interest for longer. But finding the cheapest rate will help keep the cost down. Compare loans that can offer you the best ...