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Loan: meaning, definitions and examples

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loan

 

[ ləʊn ]

Noun / Verb
Oxford 3000
Context #1 | Noun

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.
Context #2 | Verb

financial

To loan means to lend money to someone under the condition that it will be returned, typically with interest.

Synonyms

advance, give a loan, lend

Examples of usage

  • He agreed to loan me some money until payday.
  • The bank is willing to loan you the amount you need.

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

Etymology

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.

See also: loaner, loaning.

Word Frequency Rank

This word ranks #1,658, placing it within important intermediate vocabulary. Learning it will significantly improve your ability to express yourself in English.