loan

/loʊn/

/ləʊn/

Other forms: loans; loaned; loaning

If you want to buy a car but don't have money, you'll need a loan: a sum of money given temporarily that must be repaid, often with interest, or an added percentage on top the original sum.

You can loan money or objects. If you loan someone your car, make sure he's a good driver. You might loan your friend a sweatshirt if she's cold and doesn't have one. Expect to get both your car and your sweatshirt back. A word that is borrowed from another language is called a loanword, like the word karaoke, which is Japanese.

Definitions of loan

1. noun

   the temporary provision of money (usually at interest)
   types:

   bank loan

   a loan made by a bank; to be repaid with interest on or before a fixed date

   equity credit line, home equity credit, home equity loan, home loan

   a loan secured by equity value in the borrower's home

   installment credit, installment loan

   a loan repaid with interest in equal periodic payments

   call loan, demand loan

   a loan that is repayable on demand

   direct loan

   a loan by a lender to a customer without the use of a third party; direct lending gives the lender greater discretion in making loans

   loan participation, participation financing, participation loan

   a loan that is shared by a group of banks that join to make a loan too big for any one of them alone

   consumer loan, personal loan

   a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay

   point

   one percent of the total principal of a loan; it is paid at the time the loan is made and is independent of the interest on the loan

   mortgage loan, real estate loan

   a loan on real estate that is usually secured by a mortgage

   time loan

   a loan that is payable on or before a specified date

   business loan, commercial loan

   a bank loan granted for the use of a business

   interbank loan

   a loan from one bank to another

   auto loan, automobile loan, car loan

   a personal loan to purchase an automobile

   type of:

   debt

   money or goods or services owed by one person to another
2. noun

   a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English
   synonyms: loanword

   types:

   Latinism

   a word or phrase borrowed from Latin

   Gallicism

   a word or phrase borrowed from French

   type of:

   word

   a unit of language that native speakers can identify
3. verb

   give temporarily; let have for a limited time
   “loan me some money”

   synonyms: lend

   types:

   farm out, hire out, rent out

   grant the services of or the temporary use of, for a fee

   trust

   extend credit to

   advance

   pay in advance

   type of:

   give

   transfer possession of something concrete or abstract to somebody