Medications

Kodak lands loan to bolster US-produced drug supply

Eastman Kodak will receive a federal loan of $765 million to help reduce reliance on other countries for ingredients in generic drugs, an agreement President Donald Trump hailed Tuesday as a breakthrough in bringing more ...

Diseases, Conditions, Syndromes

UK extends virus furlough scheme by four months

Britain on Tuesday announced a four-month extension to government support for workers temporarily made redundant by the coronavirus outbreak.

Diseases, Conditions, Syndromes

Historian examines yellow fever outbreak in 19th-century New Orleans

The uncertainties and anxiety people feel today about the novel coronavirus are similar to the fears many Americans experienced during the yellow fever outbreak in 19th-century New Orleans, according to Stanford historian ...

Diseases, Conditions, Syndromes

China's factories try to shield workers as output revives

To keep his 40 employees indoors and away from China's virus outbreak, the manager of an electronics factory in Dongguan, near Hong Kong, says he hired a cook and arranged dormitories for them.

Medical economics

Tips provided for budgeting in medical residency

(HealthDay)—Medical residents should start budgeting and save for the future, according to an article published in the American Medical Association AMA Wire.

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Loan

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.

The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

This text uses material from Wikipedia, licensed under CC BY-SA