A sum of money or other valuables or consideration which an individual, group or other legal entity borrows from another individual, group or legal entity (this latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest). Occasionally collateral is required to assure that the borrower repays his or her debt or returns the consideration thus loaned. Most loans require some sort of positive (or at least a lack of negative) credit to be established by the borrower first
A loan is a sum of money that you borrow. The president wants to make it easier for small businesses to get bank loans. loan repayments. see also bridging loan, soft loan
If something is on loan, it has been borrowed. impressionist paintings on loan from the National Gallery
give temporarily; let have for a limited time; "I will lend you my car"; "loan me some money"
A sum of money usually borrowed for a specific reason (to obtain an education, buy a car etc ) The entity lending the money (i e , a bank) usually charges interest for the use of the money The amount of money borrowed is typically repaid with interest over a period of time
A type of financial aid which must be repaid, with interest The federal student loan programs (FFELP and FDSLP) are a good method of financing the costs of your college education These loans are better than most consumer loans because they have lower interest rates and do not require a credit check or collateral The Stafford Loans and Perkins Loans also provide a variety of deferment options and extended repayment terms
A loan made by a life insurance company from its general funds to a policy-owner on the security of the cash value of a policy
If someone gives you a loan of something, you borrow it from them. He had offered the loan of his small villa at Cap Ferrat
a word borrowed from another language; e g `blitz' is a German word borrowed into modern English
a form of financial assistance whereby a student receives money to help with college expenses now, but must repay it at a later date with interest Interest rates and deferment procedures vary depending upon the source Contact the USCA Financial Aid Office for more information
The contract and array of legal and/or ethical obligations surrounding a loan. He made a payment on his loan
If you loan something to someone, you lend it to them. He had kindly offered to loan us all the plants required for the exhibit We were approached by the Royal Yachting Association to see if we would loan our boat to them. = lend Loan out means the same as loan. It is common practice for clubs to loan out players to sides in the lower divisions The ground was loaned out for numerous events including pop concerts