Definition of "loan" in English

noun

1. (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.

2. (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.
   • 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. (usually ditransitive, US, dated and occasionally proscribed in UK, informal) To lend (something) to (someone).

noun

1. (Scotland, Northern England) An area of uncultivated ground near a village or farmhouse.

   • the Loan of Turchloy, the Black Loan