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Why is a bank loan a financial asset?

Victoria Fowler

in Student Loans

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Theresa Perry on April 6, 2018

The only way that a bank loan can be a advantage, is that if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Response 1: the Bank of loan is an asset for the bank because it is money that a customer will pay. Any instrument in which the money will be received can be considered as an asset. In the case of a loan, is an asset for the bank and a liability to the person who borrowed the money

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