For the beginning you will find out what a loan is and which its forms are. Public loan is a set of relationships for the use and mobilization of temporary resources which is reimbursable in order to cover public expenses.

There are bank loans and loans based on debentures or other state titles. According to the term for which loans are contracted, the titles issued have different denominations.

Therefore you can take out short term loans, for example. They can be deposit certificates, which are titles on three or 6 months issued according to the government decision in order to cover budgetary deficit concerning the current year. They have fixed interest and the issue value is equal with the nominal one, except deposit certificates with discount.

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