Lexeme: loan application  
Inferred
Definition:
  1. noun. A loan application refers to the process of applying for a loan from a financial institution or lender. It typically involves submitting a formal request, providing necessary documentation and information, including personal details, financial statements, and credit history, and agreeing to the terms and conditions set by the lender. The purpose of a loan application is to seek approval for borrowing money and to provide the lender with the necessary information to assess creditworthiness and determine the applicant's eligibility for the loan. GPT3.5
Word Forms:
  • noun. loan application (singular), loan applications (plural)
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