The word "loan" is derived from the Old Norse word "lǫn," which means "to lend" or "lending." A loan is a financial arrangement where an individual or a business borrows a specific amount of money from a lender with the agreement to repay it over a predetermined period, usually with interest.
View MoreIn the term "sterling silver," the word "sterling" refers to the quality or standard of the silver. Sterling silver is an alloy of silver containing 92.5% pure silver and 7.5% other metals, usually copper.This specific composition is what gives it the designation of "sterling" silver.
View MoreGold is a chemical element. Its name derived from the Latin word "Aaurum" which is 'gold' and atomic number is 79, it has symbol Au. In pure form, it is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. It is one of the least reactive chemical elements and is solid under standard conditions.
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