loan

8 definitions • 20 examples

an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing:

She's trying to get a $50,000 loan to start her own business.

We could apply for/take out a loan to buy a car.

an act of borrowing or lending something:

Thank you very much for the loan of your bike.

This exhibit is on loan (= being borrowed/lent) from/to another museum.

If a football player is on loan, they are playing for a different club for a limited period of time:

He spent a month on loan at Newcastle.

to lend:

This library loans books and CDs.

[ + two objects ] I'd loan you the money if I could./I'd loan the money to you if I could.

an act of lending something, esp. a sum of money that that has to be paid back with interest (= an additional amount of money that is a percentage of the amount borrowed), or an amount of money that has been lent:

[ U ] Thanks for the loan of your bike.

[ C ] My brother repaid his student loan within five years.

The painting is on loan to the Metropolitan Museum of Art (= has been lent to it, esp. for more than a short period of time).

to lend something, esp. money:

Can you loan me $10 until payday?

money that someone borrows from a bank or other financial organization for a period of time during which they pay interest:

a loan to sb/sth The bank's portfolio of loans to commercial and industrial firms shrank from $15.7 billion the previous year to $12.7 billion.

get/take out/apply for a loan Before you take out a loan sit down and list all the money you have coming in.

pay off/pay back/repay a loan New restrictions require lenders to check a person's income and ability to repay the loan.

provide/give/make a loan World banks injected as much as $64 billion into global money markets to encourage banks to make loans again.

approve/refuse a loan

a low-interest/fixed-rate/interest-only loan

Banks and particularly building societies expect the amount of loans in arrears to increase.

to lend someone something:

loan sb sth/loan sth to sb The finance report showed that a wealthy donor had loaned his campaign $1.15 million.

Lenders who loaned money for more than houses were worth have become victims of the economic downturn.