Indirect Loan

Business, Legal & Accounting Glossary

Definition: Indirect Loan


Indirect Loan


Full Definition of Indirect Loan


Loan deal in which the actual lender may not be known to the borrower. For example, most automobile purchase loans are not financed by the car dealers (where the car buyers fill out and submit the loan applications) but by a third party. This party (usually a finance company, called the loan owner) is the one that approves the loan terms, receives the loan payments installments from the car buyers, and sues defaulting borrowers.


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Indirect Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/indirect-loan/.
Chicago Manual of Style (CMS):
Indirect Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/indirect-loan/ (accessed: December 01, 2022).
American Psychological Association (APA):
Indirect Loan. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/indirect-loan/

Definition Sources


Definitions for Indirect Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.