Loans (defined contribution plans)
Term · Economic statistics · MLC-T-ECS-001088
Funds borrowed with interest from a defined contribution plan.
Note: Loan amounts often are limited to a portion of the account balance. They usually have to be repaid within 5 years, but longer payment periods may apply for home purchase or renovation loans.
| Identifier | MLC-T-ECS-001088 |
|---|---|
| Field | Economic statistics |
| References | BLS Glossary |
Record as JSON
{
"id": "MLC-T-ECS-001088",
"term": "Loans (defined contribution plans)",
"field": "Economic statistics",
"definition": "Funds borrowed with interest from a defined contribution plan.\n\nNote: Loan amounts often are limited to a portion of the account balance. They usually have to be repaid within 5 years, but longer payment periods may apply for home purchase or renovation loans.",
"references": [
"BLS Glossary"
],
"url": "https://mlchart.com/terminology/economic-statistics/loans-defined-contribution-plans/"
}
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