Word: Commercial Loan
Definition: A commercial loan is a type of money borrowed from a bank or financial institution that is specifically designed for businesses. This loan helps businesses pay for things like buying equipment, expanding their operations, or managing cash flow.
Usage Instructions: - You can use "commercial loan" when talking about business financing. It is usually used in contexts related to business plans, financial needs, or banking.
Example: - "The new restaurant applied for a commercial loan to purchase kitchen equipment."
Advanced Usage: - In discussions involving finance, you might hear terms like "secured commercial loan," which means the loan is backed by assets the business owns. For example, "The company secured a commercial loan using its property as collateral."
Word Variants: - Commercial (adjective): Relating to business. For example, "commercial property" means property used for business purposes. - Loan (noun): The amount of money borrowed. For example, "She took a loan to pay for her studies."
Different Meanings: - "Commercial" can also refer to anything related to commerce or trade. For example, a "commercial product" is something produced for sale.
Synonyms: - Business loan - Corporate loan - Business financing
Idioms and Phrasal Verbs: - There are no specific idioms or phrasal verbs that directly relate to "commercial loan," but you might hear phrases like "take out a loan," which means to borrow money from a bank.