Definitions for "HANGOUT"
Keywords:  cul, mingle, restaurant, sac, corner
a frequently visited place
A hangout is a, usually informal, social gathering place. Often it is a place of business, such as a restaurant or a store that is not normally considered a place where separate groups mingle. A hangout can be a general location like a street corner, a cul de sac, or a distinctive tree.
The balance of a loan, with a leased property as collateral, that extends beyond the expiration date of the lease.
The principal balance of a loan remaining when the term of the loan is beyond the term of a lease.