loan
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.1loan
noun \ˈlōn\Definition of LOAN
1
a : money lent at interest b : something lent usually for the borrower's temporary use
2
a : the grant of temporary use b : the temporary duty of a person transferred to another job for a limited time
3
: loanword
See Examples of LOAN
- He got a car loan.
- He'll need several more years to pay off the rest of the loan.
- She needed money, so she asked her friend for a loan.
Origin of LOAN
Middle English lon, from Old Norse lān; akin to Old English lǣn loan, lēon to lend, Latin linquere to leave, Greek leipein
First Known Use: 12th century
Other Economics Terms
2loan
transitive verbDefinition of LOAN
: lend
— loan·able \ˈlō-nə-bəl\ adjective
Usage Discussion of LOAN
The verb loan is one of the words English settlers brought to America and continued to use after it had died out in Britain. Its use was soon noticed by British visitors and somewhat later by the New England literati, who considered it a bit provincial. It was flatly declared wrong in 1870 by a popular commentator, who based his objection on etymology. A later scholar showed that the commentator was ignorant of Old English and thus unsound in his objection, but by then it was too late, as the condemnation had been picked up by many other commentators. Although a surprising number of critics still voice objections, loan is entirely standard as a verb. You should note that it is used only literally; lend is the verb used for figurative expressions, such as “lending a hand” or “lending enchantment.”
Examples of LOAN
- The National Gallery has been kind enough to loan this painting to our museum.
- His mother loaned him the money to buy a new car.
- Can you loan me $20?
First Known Use of LOAN
13th century
Other Economics Terms
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