loan

¹loan

noun \ˈlōn\

Definition of LOAN

1

a : money lent at interest b : something lent usually for the borrower's temporary use

2

a : the grant of temporary use b : the temporary duty of a person transferred to another job for a limited time

3

: loanword

Examples of LOAN

1. He got a car loan.
2. He'll need several more years to pay off the rest of the loan.
3. She needed money, so she asked her friend for a loan.

Origin of LOAN

Middle English lon, from Old Norse lān; akin to Old English lǣn loan, lēon to lend, Latin linquere to leave, Greek leipein

First Known Use: 12th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with LOAN

blown, bone, clone, cone, crone, drone, flown, groan, grown, hone, known, lone, moan, Mon, none, own, phone, pone, prone, Rhône, roan, Saône, scone, sone, stone, throne, tone, zone