Cut Debt 60% w/ Low Monthly Payment Guaranteed Results! 1-800-681-7157
Consolidation.Debtmerica.com
loan
1
[lohn] 
| 1. | the act of lending; a grant of the temporary use of something: the loan of a book. |
| 2. | something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest. |
| 3. | loanword. |
| 4. | to make a loan of; lend: Will you loan me your umbrella? |
| 5. | to lend (money) at interest. |
| 6. | to make a loan or loans; lend. |
| 7. | on loan,
|
1150–1200; ME lon(e), lan(e) (n.), OE lān < ON lān; r. its cognate, OE lǣn loan, grant, c. D leen loan, G Leh(e)n fief; cf. lend
Sometimes mistakenly identified as an Americanism, loan1 as a verb meaning “to lend” has been used in English for nearly 800 years: Nearby villages loaned clothing and other supplies to the flood-ravaged town. The occasional objections to loan as a verb referring to things other than money, are comparatively recent. Loan is standard in all contexts but is perhaps most common in financial ones: The government has loaned money to farmers to purchase seed.
loan
2 [lohn] | 1. | a country lane; secondary road. |
| 2. | an uncultivated plot of farmland, usually used for milking cows. |
loan⋅word
[lohn-wurd] | a word in one language that has been borrowed from another language and usually naturalized, as wine, taken into Old English from Latin vinum, or macho, taken into Modern English from Spanish. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source
| loan (lōn) n.
To lend. [Middle English lan, lon, from Old Norse lān; see leikw- in Indo-European roots.] loan'er n. Usage Note: The verb loan is well established in American usage and cannot be considered incorrect. The frequent objections to the form by American grammarians may have originated from a provincial deference to British critics, who long ago labeled the usage a typical Americanism. Loan is, however, used to describe only physical transactions, as of money or goods; for figurative transactions, lend is correct: Distance lends enchantment. The allusions lend the work a classical tone. |
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Loan
Loan\, n. [See Lawn.] A loanin. [Scot.]Loan
Loan\, n. [OE. lone, lane, AS. l[=a]n, l[ae]n, fr. le['o]n to lend; akin to D. leen loan, fief, G. lehen fief, Icel. l[=a]n, G. leihen to lend, OHG. l[=i]han, Icel. lj[=i], Goth. leihwan, L. linquere to leave, Gr. ?, Skr. ric. ? Cf. Delinquent, Eclipse, Eleven, Ellipse, Lend, License, Relic.]1. The act of lending; a lending; permission to use; as, the loan of a book, money, services. 2. 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.Cite This Source
loan
Cite This Source
Loan
When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money along with interest, at a predetermined date in the future.
Investopedia Commentary
Borrowing money to buy a new car is a loan, as is borrowing money to construct a specialty coffee shop in your kitchen... we all have dreams.
Related Links
The Importance of Your Credit Rating
Seven Common Financial Mistakes
See also: All-In Cost, Bond, Creditor, Hypothecation, Interest, Lien, Loan Sharking, Loan Syndication, Mortgage, Policy Loan
Cite This Source
Main Entry: loan
Function: noun
1 a : money lent at interest b : something lent usually for the borrower's temporary use
2 : a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usually with interest; broadly : the furnishing of something to another party for temporary use with the agreement that it or its equivalent will be returned
bridge loan
: a short-term loan used as a means of financing a purchase or enterprise prior to obtaining other funds
con·ven·tion·al loan
/k&n-'ven-ch&-n&l-/
: a loan for the purchase of real property that is secured by a first mortgage on the property rather than by any federal agency
demand loan
: a loan that is subject to repayment upon demand of the lender
home equity loan
: a loan or line of credit secured by the equity in one's home called also equity loan home equity line home equity line of credit —see also qualified residence interest at INTEREST 5
loan for con·sump·tion
/-k&n-'sümp-sh&n/
: a loan in which the borrower is obligated to return property of the same kind as that borrowed and consumed —used chiefly in the civil law of Louisiana; —compare BAILMENT, DEPOSIT, LOAN FOR USE in this entry
loan for use
: a loan in which one party lends personal property to another with the understanding that the borrower will return the same property at a future time without compensation for its use : COMMODATUM —used chiefly in the civil law of Louisiana; —compare BAILMENT, DEPOSIT, LOAN FOR CONSUMPTION in this entry
par·tic·i·pa·tion loan
: a single loan in which two or more lenders participate
term loan
: a loan extended to a business with provisions for repayment according to a schedule of amortization and usually for a period of one to five years and sometimes fifteen years
Cite This Source
Loan
The Mosaic law required that when an Israelite needed to borrow, what he asked was to be freely lent to him, and no interest was to be charged, although interest might be taken of a foreigner (Ex. 22:25; Deut. 23:19, 20; Lev. 25:35-38). At the end of seven years all debts were remitted. Of a foreigner the loan might, however, be exacted. At a later period of the Hebrew commonwealth, when commerce increased, the practice of exacting usury or interest on loans, and of suretiship in the commercial sense, grew up. Yet the exaction of it from a Hebrew was regarded as discreditable (Ps. 15:5; Prov. 6:1, 4; 11:15; 17:18; 20:16; 27:13; Jer. 15:10). Limitations are prescribed by the law to the taking of a pledge from the borrower. The outer garment in which a man slept at night, if taken in pledge, was to be returned before sunset (Ex. 22:26, 27; Deut. 24:12, 13). A widow's garment (Deut. 24:17) and a millstone (6) could not be taken. A creditor could not enter the house to reclaim a pledge, but must remain outside till the borrower brought it (10, 11). The Hebrew debtor could not be retained in bondage longer than the seventh year, or at farthest the year of jubilee (Ex. 21:2; Lev. 25:39, 42), but foreign sojourners were to be "bondmen for ever" (Lev. 25:44-54).
Cite This Source
Get a free savings consultation and See how much money you can save.
www.FreedomFinancialNetwork.com
Copyright © 2009, Dictionary.com, LLC. All rights reserved.
