Lending Meaning: Definition, Examples, and Translations
๐ธ
lending
[หlษndษชล ]
Definitions
financial
The action of lending money; the act of granting a loan.
Synonyms
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
lending |
Used when referring to the act of giving something, usually money, to someone for a period of time with the expectation that it will be returned.
|
loaning |
Similar to lending, but usually refers to more casual or personal situations.
|
financing |
Used when discussing the means of raising funds or providing resources for a business, project, or purchase.
|
credit |
Used to describe borrowed money or a financial arrangement where a buyer uses borrowed money to pay for goods or services but agrees to pay back the lender over time.
|
Examples of usage
- The bank offers lending services to small businesses.
- Peer-to-peer lending platforms have gained popularity in recent years.
library
The system or practice of lending books for a limited period of time.
Synonyms
book lending, circulation, loaning out.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
lending |
General term used when allowing someone to use something temporarily, usually with the expectation of it being returned.
|
loaning out |
Used when someone is temporarily giving someone else something, with the expectation of getting it back. It often implies lending without much concern for formalities.
|
circulation |
Often used in libraries to describe the movement and borrowing of books and other materials. It can also refer to the distribution of items more broadly.
|
book lending |
Specifically refers to the practice of letting someone borrow a book, commonly used in the context of libraries or personal book collections.
|
Examples of usage
- The library has strict rules regarding lending periods for popular books.
- Renewing a lending period may incur a fine.
financial
To grant a loan or credit.
Synonyms
advance, loan, provide credit.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
lending |
Used in general contexts when money or items are temporarily given to someone with the expectation of return.
|
loan |
Typically used in financial contexts when referring to a sum of money borrowed that is expected to be paid back with interest.
|
provide credit |
Commonly used in financial and commercial contexts where a line of credit is extended to an individual or business.
|
advance |
Commonly used when money is given ahead of time, often referred to as an 'advance payment' or 'cash advance'.
|
Examples of usage
- The bank is willing to lend money to qualified applicants.
- She decided to lend a helping hand to her friend in need.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Finance
- Banks primarily operate through lending, providing loans to individuals and businesses to stimulate economic growth.
- Peer-to-peer lending has risen in popularity with the internet, allowing individuals to lend directly to each other without traditional banks.
- In many countries, lending laws are established to protect borrowers from predatory practices and ensure fair terms.
Cultural Practices
- In some cultures, sharing and lending resources within the community is seen as a sign of trust and friendship.
- Lending traditions can include aspects like communal lending libraries, where people share books among neighbors.
- Gift economies often rely on the concept of lending, where items are borrowed and returned within community networks.
Legal Aspects
- Contracts are often formed in lending relationships to outline the terms, including repayment schedules and interest rates.
- Usury laws exist in many places to prevent lenders from charging excessively high-interest rates.
- The enforcement of lending contracts can vary significantly depending on jurisdictions and local regulations.
Technology
- Financial technology companies are innovating the lending landscape with algorithms to assess creditworthiness quickly.
- Blockchain technology is emerging in lending, providing secure and decentralised methods for agreements and repayments.
- Online lending platforms increasingly offer streamlined processes, allowing for faster approvals and disbursements than traditional methods.
Origin of 'lending'
Main points about word origin
- The word comes from Old English 'lendan', which means to allow to borrow.
- Lending has roots in the Proto-Germanic word '*landijan', meaning to hand over or give.
- In medieval times, lending began to expand as people started to charge interest on borrowed goods, leading to the concepts of credit and debt.
The word 'lending' has its origin in the Old English word 'lวฃnan' which meant 'to lend'. Over the centuries, the word evolved to its current form, retaining its core meaning of providing something temporarily. The concept of lending has played a crucial role in various aspects of human society, from financial transactions to knowledge sharing through libraries. The practice of lending continues to be an integral part of modern economies and social structures.
Word Frequency Rank
At #5,918 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.
- ...
- 5915 conversations
- 5916 obstruction
- 5917 warehouse
- 5918 lending
- 5919 complement
- 5920 harsh
- 5921 socially
- ...