A loan agreement is a contract entered into between which regulates the terms of a loan. Loan agreements usually relate to loans of cash, but market specific contracts are also used to regulate securities lending. Loan agreements are usually in written form, but there is no legal reason why a loan agreement cannot be a purely oral contract (although in some countries this may be limited by the Statute of frauds or equivalent legislation).
Loan agreements are usually characterised either of two different ways: by the type of lender, or by the type of facility. Categorising loan agreements by lender usually simply sub-divides loans into:
Categorising loan agreements by type of facility, usually results in two primary categories:
Term loans, which are repaid in set instalments over the term, or revolving loans (or overdrafts) where up to a maximum amount can be withdrawn at any time, and interest is paid from month to month on the drawn amount.
Within these two categories though, there are various subdivisions such as interest-only loans, and balloon payment loans. It is also possible to subcategorise on whether the loan is a secured loan or an unsecured loan, and whether the rate of interest is fixed or floating.
French fur traders first visited Nebraska in the late 1600s. Part of the Louisiana Purchase in 1803, eastern Nebraska was explored by Lewis and Clark in 1804–1806. A few years later, Robert Stuart pioneered the Oregon Trail across Nebraska in 1812–1813, and the first permanent white settlement was established at Bellevue in 1823.
Western Nebraska was acquired by treaty following the Mexican War in 1848. The Union Pacific began its transcontinental railroad at Omaha in 1865. In 1937, Nebraska became the only state in the Union to have a unicameral (one-house) legislature. Members are elected to it without party designation.
Nebraska is a leading grain-producer with bumper crops of sorghum, corn, and wheat. More varieties of grass, valuable for forage, grow in this state than in any other in the nation. The state’s sizable cattle and hog industries make Dakota City and Lexington among the nation’s largest meat-packing centers.
Manufacturing has become diversified: Firms making electronic components, auto accessories, pharmaceuticals, and mobile homes have joined such older industries as clothing, farm machinery, chemicals, and transportation equipment. Oil was discovered in 1939 and natural gas in 1949.
Among the principal attractions are Agate Fossil Beds, Homestead, and Scotts Bluff National Monuments; Chimney Rock National Historic Site; a recreated pioneer village at Minden; SAC Museum near Ashland; the Stuhr Museum of the Prairie Pioneer Grand Island; Boys Town; the Sheldon Memorial Art Gallery and the Lied Center for the Performing Arts at the University of Nebraska in Lincoln; the State Capitol in Lincoln; the Joslyn Art Museum in Omaha; the Henry Doorly Zoo in Omaha; Museum of Nebraska Art in Kearney; Museum of Nebraska History in Lincoln; and the University of Nebraska State Museum in Lincoln.