Loaned Meaning: Definition, Examples, and Translations
๐ต
loaned
[loสnd ]
Definition
financial agreement
To loan means to give something, usually money, to someone with the expectation that it will be paid back in the future. This transaction often involves interest or other conditions set by the lender.
Synonyms
advanced, financed, lent, provided.
Examples of usage
- She loaned him $500 for the car repairs.
- The bank loaned the company a large sum to expand.
- He has loaned his laptop to his colleague for a week.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Finance
- Loans can be secured, meaning backed by collateral, or unsecured, which relies on the borrower's promise to repay.
- Interest rates on loans can vary widely based on factors like credit score and type of loan, impacting how much more you pay back over time.
- The concept of a loan is integral to personal finance, often used for big purchases like homes or cars, thus shaping economic behavior.
Cultural Impact
- In many cultures, the concept of lending and borrowing is tied to social relationships and trust, influencing community bonds.
- Literature often explores themes of debt and obligation, reflecting how status and morality can be shaped by financial transactions.
- Movies frequently portray the tension surrounding loans, showcasing how they impact personal dynamics and decisions.
Legal Aspects
- Loan agreements can be legally binding contracts, protecting the rights of both borrowers and lenders.
- Understanding loan terms is crucial to avoid predatory lending practices, which can lead to significant financial distress.
- Bankruptcy laws can sometimes vary loans based on type, impacting how debts are handled during financial crises.
Psychology
- The psychology of borrowing can evoke feelings of guilt or anxiety, particularly in personal relationships.
- Studies suggest that the way loans are framed (as gifts or obligations) can significantly influence repayment behavior.
- Understanding the emotional dynamics in borrowing can help individuals navigate the complexities of financial transactions.
Origin of 'loaned'
Main points about word origin
- The word 'loan' comes from the Old English 'leihan,' meaning to lend.
- In Middle English, 'loan' evolved to include both noun and verb forms, referring to the act of lending and the thing lent.
- The use of 'loaned' as a past tense form became common in the 15th century, shaping how we discuss borrowing today.
The word 'loaned' originates from the Old English 'lวฃn', which means 'to lend or to allow to have temporarily'. The term evolved through Middle English, retaining the same meaning while acquiring the '-ed' suffix to denote the past tense. The transformation of language through centuries saw 'loaned' emerge as a standard term in English for indicating the act of lending money or items, reflecting the economic practices of the time. By the 16th century, the word was firmly established in financial contexts, often associated with the development of banking institutions and credit systems. Today, 'loaned' is commonly used in various financial transactions that involve borrowing and lending, illustrating the importance of credit in modern economies.