loan

UK /ləʊn/ US /loʊn/
noun 5verb 1

Definitions

noun

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

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.

He got a loan of five thousand pounds.

3

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

He made a payment on his loan.

4

The permission to borrow any item.

Thank you for the loan of your lawn mower.

verb

1

To lend (something) to (someone).

In the course of a correspondence that passed between us at this period, he mentioned, to my utter astonishment, the fact of his having loaned Neilson 81000 to buy my bill on Maryland; and stated that he could not proceed to make the payment until Neilson refunded the money.

All the rest—six out of eleven, more than half—were loaned to him.

noun

1

An area of uncultivated ground near a village or farmhouse.

the Loan of Turchloy, the Black Loan

[...] The herds upon the loan, As if a sheep had fled, wi' speed, At Grumphy tykes hound on Wi' loud huzza!

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