What are employee loans? | Meaning & Definition | Akrivia HCM

A loan is an arrangement by which a company (individuals, corporations, or financial institutions collaborating) advances funds to an individual incapable of providing security or interest to the lender for the funds. Regarding financial institutions referring to banks, money lent between banks on call money market and repurchase agreements are not considered loans because there is no transfer of funds from one bank account.

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