loan
UK /ləʊn/ · US /loʊn/ noun, verb
Forms loans loaning loaned
- noun (law, banking, finance) 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.”
- noun (law, banking, finance) 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.”
- noun The contract and array of legal or ethical obligations surrounding a loan. “He made a payment on his loan.”
- noun The permission to borrow any item. “Thank you for the loan of your lawn mower.”
- verb (usually ditransitive, US, dated and occasionally proscribed in UK, informal) To lend (something) to (someone).
- noun (Scotland, Northern England) An area of uncultivated ground near a village or farmhouse.
Synonyms
Etymology
From Middle English lone, lane, from Old Norse lán, from Proto-Germanic *laihną, from Proto-Indo-European *leykʷ- (“to leave (over)”).
Cognate with Icelandic lán, Swedish lån, Danish lån, German Lehen (“fief”), Dutch leen (“fief”), West Frisian lien, North Frisian leen (“fief; loan; office”), Scots lane, lain, len, Old English lǣn. More at lend.
From Scottish Gaelic lòn (“marshy meadow”) (compare lèana (“wet meadow, marsh, meadow”)).
Webster’s 1913
- noun A loanin. [Scot.]
- noun The act of lending; a lending; permission to use; as, the loan of a book, money, services.
- noun That which one lends or borrows, esp. a sum of money lent at interest; as, he repaid the loan. Loan office. (a) An office at which loans are negotiated, or at which the accounts of loans are kept, and the interest paid to the lender. (b) A pawnbroker's shop.
- noun To lend; --sometimes with out. Kent.
Etymology [See Lawn.]
Etymology [OE. lone, lane, AS. lan, læn, fr. león to lend; akin to D. leen loan, fief, G. lehen fief, Icel. lan, G. leihen to lend, OHG. lihan, Icel. lji, Goth. leihwan, L. linquere to leave, Gr. ric. Delinquent, Eclipse, Eleven, Ellipse, Lend, License, Relic.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “loan”, CC BY-SA 4.0. Details