LOANS — Definition of LOANS
noun
1
An act or instance of lending, an act or instance of granting something for temporary use.
Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester.
2
A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).
All loans from the library, whether books or audio material, must be returned within two weeks.
3
The contract and array of legal or ethical obligations surrounding a loan.
He made a payment on his loan.
4
The permission to borrow any item.
Thank you for the loan of your lawn mower.
verb
1
To lend (something) to (someone).
noun
1
A lonnen.
📚 Source: en.wiktionary.org/wiki/loan
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