# loan (financial)

a give of money to a person that is agreed to be return during future

- Computed level: L17 (depth in the emergence graph, not abstraction)
- Status: review  ·  Domain: financial  ·  Arena: loan

## Emergence
**Emerges from:** [money](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-money.economic), [give](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-give.transfer), [agreement](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-agreement.social), [future](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-future.temporal), [people](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-people.social), [return](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-return.movement), [time](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-time.dimension)

**Through:** money is given to a person under an agreement that it will be returned in the future

**Novel properties:**
- obligated return of value
- temporal extension of exchange
- mutual commitment over time

## Examples
- The 2008 Troubled Asset Relief Program disbursed $425 billion to stabilize U.S. banks under repayment agreements. *(economics)*
- The Mars Climate Orbiter failed in 1999 because Lockheed Martin used pound-seconds while NASA expected newton-seconds in thruster control software. *(engineering)*
- In 2020, Argentina defaulted on $65 billion in sovereign debt after renegotiation talks with the IMF collapsed. *(institutions)*

## Used by
- [mortgage](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-mortgage.financial) (L18)

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*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-loan.financial*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-loan.financial.json*  
*Every definition provably resolves to space, time, energy and pattern.*