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- Dictionaryloan/ləʊn/
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 computer was loaned to us by the theatre" Similar Opposite
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LOAN definition: 1. an amount of money that is borrowed, often from a bank, and has to be paid back, usually…. Learn more.
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...
When someone organizes a loan, they arrange it or fix it. If someone guarantees a loan, they agree to pay back the money if the person who gets the loan does not. With a fixed-rate loan, the amount of interest you pay stays the same, and with an interest-free loan, you do not pay any interest.
The meaning of LOAN is money lent at interest. How to use loan in a sentence. Loan vs. Lend: Usage Guide
LOAN definition: 1. money that someone has borrowed: 2. If something is on loan, someone is borrowing it: 3. to…. Learn more.
Loan definition: the act of lending; a grant of the temporary use of something. See examples of LOAN used in a sentence.
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.