Exegetical Process: 1. Choose a text that comprises a single unit of thought (pericope). 2. Discover the exegetical outline. Give each division an exegetical heading that summarizes and interprets the division from the viewpoint of the original audience. 3. Discover the exegetical proposition from the viewpoint of the original audience.
A Loan Agreement is a document between a borrower and lender, in which the borrower promises to pay back a loan to the lender according to a specified repayment schedule.N CONSIDERATION OF the Lender loaning certain monies (the Loan) to the Borrower, and the Borrower repaying the Loan to the Lender, both parties agree to keep, perform and fulfill the promises and conditions set out in this Agreement:
DEFINITION of 'Loan Modification'. A modification to an existing loan made by a lender in response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default.