Final answer:
FALSE. A loan in which the lender may share in the income or resale proceeds and becomes a partner rather than just a lender is known as an equity loan or a participating loan.
Step-by-step explanation:
A loan in which the lender may share in the income or resale proceeds and becomes a partner rather than just a lender is known as an equity loan or a participating loan. In this type of loan, the lender becomes a partner in the business or project and shares in the profits or proceeds. This is different from a traditional loan where the lender only receives interest or principal repayment.