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History
Bank
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A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
This 15th-century painting depicts money-dealers at a banca (bench) during the Cleansing of the Temple.
This 15th-century painting depicts money-dealers at a banca (bench) during the Cleansing of the Temple.
Sealing of the Bank of England Charter (1694), by Lady Jane Lindsay, 1905.
Sealing of the Bank of England Charter (1694), by Lady Jane Lindsay, 1905.
Interior of the Helsinki Branch of the Vyborg-Bank [fi] in the 1910s
Interior of the Helsinki Branch of the Vyborg-Bank [fi] in the 1910s
Banco de Venezuela in Coro.
Banco de Venezuela in Coro.
Loan
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In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.
Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936.
Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936.