См. также: banking system, bank account agreement, bank affiliate, banking provider
standard contract – boilerplate contract (such as a bank loan agreement or an insurance policy) with fixed terms and conditions, offered almost always on 'take it or leave it' basis. Also called standard form contract. (BusinessDictionary)
But “indirect benefit” can be found in much more complex transactions with multiple parties. See, e.g., Klein v. Tabatchnick, 610 F.2d 1043 (2d Cir. 1979) (fair consideration might exist for corporation’s grant of security interest in corporate property in exchange for secured party’s pledge of personal property as collateral for bank loan to majority stockholder, who loaned proceeds to corporation). (Law360)
loan account. An account through which a customer is able to repay a bank loan. (Oxford Dictionary)
bank loan is the advance of a specified sum of money to an individual or business (the borrower) by a COMMERCIAL BANK, SAVINGS BANK, etc. (the lender). A bank loan is a form of CREDIT that is often extended for a specified period of time, usually on fixed-interest terms related to the base INTEREST RATE, with the principal being repaid either on a regular instalment basis or in full on the appointed redemption date. Alternatively, a bank loan may take the form of overdraft facilities under which customers can borrow as much money as they require up to a pre-arranged total limit and are charged interest on outstanding balances. In the case of business borrowers, bank loans are used to finance WORKING CAPITAL requirements and are often renegotiated shortly before expiring to provide the borrower with a ‘revolving’ line of credit. (Collins Dictionary of Economics)
