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- DictionaryLoan/lōn/
noun
- 1. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest: "borrowers can take out a loan for $84,000"
verb
- 1. lend (a sum of money or item of property): "the word processor was loaned to us by the theater"
The meaning of LOAN is money lent at interest. How to use loan in a sentence. Loan vs. Lend: Usage Guide
Feb 28, 2024 · A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the...
LOAN meaning: 1. an amount of money that is borrowed, often from a bank, and has to be paid back, usually…. Learn more.
Loan definition: the act of lending; a grant of the temporary use of something. See examples of LOAN used in a sentence.
Jan 10, 2024 · A loan is a sum of money borrowed from a creditor and repaid with interest. Loans can be secured by assets or unsecured. Learn what a loan is and how it works.
Aug 16, 2024 · A loan is when money is given to one party in exchange for repayment of the loan principal, plus interest. A loan may or may not be secured by collateral and...
money that someone has borrowed: a bank loan. a student loan. He repaid the loan within two years. Fewer examples. an application for a bank loan. a personal loan. an interest-free loan.
loan. noun. /ləʊn/. /ləʊn/. [countable] money that an organization such as a bank lends and somebody borrows. to take out/repay a loan (= to borrow money/pay it back) She took out an $8 000 personal loan. bank loans with low interest rates. It took three years to repay my student loan (= money lent to a student).
The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment.
Apr 7, 2021 · In general terms, a loan involves borrowing a lump sum from a lender, and making regular (often monthly) payments until the loan is entirely repaid. Beyond repaying the loan...
