Codycross Crossword Clue Sum of Money Borrowed From a Bank May 30, 2024 Answers Revealed

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Clue

The clue for today as of May 30, 2024 is Sum of Money Borrowed From a Bank

Let us now breakdown the clue

Sum of Money: is the total amount of money that you or someone else wants to borrow.

Borrowed: It suggests that the funds are received for a limited period of time with the expectation that they will be paid back or paid out in the future.

From a Bank: This specifies the source of the borrowed funds, indicating that the money is obtained from a financial institution known as a bank.

So the clue refers to a specific amount of currency obtained temporarily from a financial institution (a bank) with the agreement to repay it later, typically with interest.

Hints

• It is a four letter word that starts with L

• Financial Lifeline
• Temporary Financial Support
• Bank's Offered Capital
• Monetary Advance
• Credit Instrument
• Debt Agreement
• Interest-Bearing Transaction

Answer

The correct answer is LOAN

Explanation

The answer to the clue “sum of money borrowed from a bank” is “loan”. When people or businesses need money, they often go to a bank or other lending institution to get a loan. A loan is a fixed sum of money borrowed with an agreement to pay it back over a certain period of time, typically with interest. A loan can be used for a variety of purposes, such as purchasing a home, starting a business or covering an unexpected expense.

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