Loan: meaning, definitions and examples
💰
loan
[ ləʊn ]
financial
A loan is a sum of money that is borrowed from a bank or financial institution with the agreement that it will be paid back, usually with interest, within a specified period of time.
Synonyms
advance, credit, debt, mortgage
Examples of usage
- She took out a loan to buy a new car.
- The bank approved his loan application.
Translations
Translations of the word "loan" in other languages:
🇵🇹 empréstimo
🇮🇳 ऋण
🇩🇪 Darlehen
🇮🇩 pinjaman
🇺🇦 позика
🇵🇱 pożyczka
🇯🇵 ローン
🇫🇷 prêt
🇪🇸 préstamo
🇹🇷 kredi
🇰🇷 대출
🇸🇦 قرض
🇨🇿 půjčka
🇸🇰 pôžička
🇨🇳 贷款
🇸🇮 posojilo
🇮🇸 lán
🇰🇿 несие
🇬🇪 სესხი
🇦🇿 kredit
🇲🇽 préstamo
Word origin
The word 'loan' originated from Middle English 'lone', which came from Old Norse 'lán'. The concept of lending and borrowing money has been a fundamental part of human societies for centuries, dating back to ancient civilizations. Loans have played a crucial role in facilitating economic activities and personal financial needs.