c.1240, from O.N.
lan, related to
lja "to lend," from P.Gmc.
*laikhwniz (cf. O.H.G.
lihan "to borrow," Ger.
leihen, Goth.
leihan "to lend"), originally "to let have, to leave (to someone)," from PIE
*leikw- (see
relinquish). The O.N. word also is cognate with O.E.
læn "gift," which did not survive into M.E., but its derived verb
lænan is the source of
lend (q.v.). As a verb,
loan is attested from 1625 and was formerly current, but has now been supplanted in England by
lend, though it survives in Amer.Eng.
Loan word (1874) is a translation of Ger.
Lehnwort;
loan-translation is attested 1933, from Ger.
Lehnübersetzung. Slang
loan shark first attested 1905.