loan meaning

EN[ləʊn] [loʊn] [-əʊn]
  • In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment.
  • In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time.
  • The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan.

    Definition of loan in English Dictionary

  • NounPLloansSUF-oan
    1. (banking, finance) A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
      1. That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.
    2. The contract and array of legal or ethical obligations surrounding a loan.
      1. He made a payment on his loan. ‎
    3. The permission to borrow any item.
      1. Thank you for the loan of your lawn mower. ‎
    4. (Scotland) A lonnen.
    5. VerbSGloansPRloaningPT, PPloaned
      1. (usually double transitive, US, dated in Britain) INF To lend (something) to (someone).
      2. More Examples
        1. Used in the Middle of Sentence
          • If we obtain a loan using the business as collateral, the effect will be to capitalize our next ten years of income, giving us cash today that we can use to buy out our competitor.
          • Bankers, who must fight to stay even with inflation and face an uneven credit supply (even many "greenlined"' areas didn't get loans during the recession of 1974-1975)
          • He took out a stated-income loan to buy the house. It cost a bit more, but he works off the books.
        2. Used in the Ending of Sentence
          • Instead of default rates, the department calculated nonrepayment rates, which include both defaulters and borrowers who have never paid a single dollar of principal on their loans.
      • Part-of-Speech Hierarchy
        1. Nouns
          • Countable nouns
          • Verbs
            • Transitive verbs
          Related Links:
          1. en loanword
          2. en loans
          3. en loanee
          4. en loanin
          5. en loaner
          Source: Wiktionary
           0 0

          Meaning of loan for the defined word.

          Grammatically, this word "loan" is a noun, more specifically, a countable noun. It's also a verb, more specifically, a transitive verb.
          Difficultness: Level 2
          Easy     ➨     Difficult
          Definiteness: Level 9
          Definite    ➨     Versatile