Word Explorer

Loan

/ləʊn/

An act or instance of lending, an act or instance of granting something for temporary use.

📖 Definitions of "Loan"

noun
  1. 1

    An act or instance of lending, an act or instance of granting something for temporary use.

    "Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester."

  2. 2

    A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).

    "All loans from the library, whether books or audio material, must be returned within two weeks."

  3. 3

    The contract and array of legal or ethical obligations surrounding a loan.

    "He made a payment on his loan."

  4. 4

    The permission to borrow any item.

    "Thank you for the loan of your lawn mower."

verb
  1. 1

    To lend (something) to (someone).

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