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The phrase "acceptance of loan" is correct and usable in written English.
It can be used in contexts related to finance, banking, or legal agreements when discussing the approval or agreement to receive a loan.
Example: "The acceptance of loan was confirmed by both parties after reviewing the terms and conditions."
Alternatives: "loan approval" or "loan agreement".
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"FarmDrive has developed a new methodology for assessing creditworthiness of farmers that has led to a higher acceptance rate of loan applications by farmers while maintaining a very low default rate.
This led to the suggestion that Mr. Cornfeld had prom ised Sir Eric not to press the suit and to abide by the de cision of the board regarding acceptance of the loan.
The Washington Post, which serves as a hometown newspaper for many of Mr. Moran's constituents and which first reported the loan last month, said in an editorial that it could see "no favorable interpretation of Mr. Moran's behavior" and that his acceptance of the loan "suggests impropriety".
Whether or not the borrower has means (via payment methods such as cash, stocks, bonds, or property sale) to make a down payment on a new purchase can weigh heavily upon the acceptance of a loan application.
Meanwhile, the acceptance of troubled loans made to home builders and real estate developers would tend to help small and midsize banks.
Rangers have paved the way for the acceptance of Ashley's loan by lodging advance notices of security against Ibrox and Murray Park on behalf of Sports Direct, Ashley's sportswear company.
With the acceptance of a $167 million emergency loan from creditor banks in May, Chung Ju Yung ordered his sons, Mong Koo and Mong Hun, to give up their positions as the heads of several affiliates.
In the end, it was the president's relationship to a movie executive, David Groenewold, that finally brought him down, after nearly three months in which every day seemed to bring a fresh report of a questionable loan, acceptance of a free car, or invitations from wealthy friends and other allegations of inappropriate actions while in office.
Equality of opportunity (illustrated here) is the idea that, instead of harmonizing acceptance rates by demographic across the entire body of loan applicants ("positive rate"), we only need to ensure that the acceptance rate is equal for applicants who would actually pay back a loan ("true positive rate").
These options include, but are not limited to: payment plans, payment forbearance, loan modification, acceptance of deed to the collateral property in lieu of foreclosure and acceptance of the net proceeds from the borrower's sale of the property (also referred to as a short sale).
No deal, says Germany, which is putting intense pressure on Greek politicians to reach a coalition deal that would include acceptance of conditions for further bailout loans.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com