LoanOrCredit

A financial product for the loaning of an amount of money, or line of credit, under agreed terms and charges.

Build LoanOrCredit JSON-LD

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Use the most specific type that fits. Each accepts every property of LoanOrCredit.

Properties defined on LoanOrCredit
Property	Expects	Description
amount	MonetaryAmount, Number	The amount of money.
currency	Text	The currency in which the monetary amount is expressed. Use standard formats: ISO 4217 currency format, e.g. "USD"; Ticker symbol for cryptocurrencies, e.g. "BTC"; well known names for Local Exchange Trading Systems (LETS) and other currency types, e.g. "Ithaca HOUR".
gracePeriod	Duration	The period of time after any due date that the borrower has to fulfil its obligations before a default (failure to pay) is deemed to have occurred.
loanRepaymentForm	RepaymentSpecification	A form of paying back money previously borrowed from a lender. Repayment usually takes the form of periodic payments that normally include part principal plus interest in each payment.
loanTerm	QuantitativeValue	The duration of the loan or credit agreement.
loanType	Text, URL	The type of a loan or credit.
recourseLoan	Boolean	The only way you get the money back in the event of default is the security. Recourse is where you still have the opportunity to go back to the borrower for the rest of the money.
renegotiableLoan	Boolean	Whether the terms for payment of interest can be renegotiated during the life of the loan.
requiredCollateral	Text, Thing	Assets required to secure loan or credit repayments. It may take form of third party pledge, goods, financial instruments (cash, securities, etc.)

These properties expect a LoanOrCredit: acceptedPaymentMethod, incentiveAmount.