LOAN

Mar 25 2020

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The definition of loan

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The definition of loan

Definition of loan (Entry 2 of 2)

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Other Words from loan

Synonyms & Antonyms for loan

Loan vs. Lend : Usage Guide

The verb loan is one of the words English settlers brought to America and continued to use after it had died out in Britain. Its use was soon noticed by British visitors and somewhat later by the New England literati, who considered it a bit provincial. It was flatly declared wrong in 1870 by a popular commentator, who based his objection on etymology. A later scholar showed that the commentator was ignorant of Old English and thus unsound in his objection, but by then it was too late, as the condemnation had been picked up by many other commentators. Although a surprising number of critics still voice objections, loan is entirely standard as a verb. You should note that it is used only literally; lend is the verb used for figurative expressions, such as “lending a hand” or “lending enchantment.”

Examples of loan in a Sentence

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

The National Gallery has been kind enough to loan this painting to our museum. His mother loaned him the money to buy a new car. Can you loan me $20?

Recent Examples on the Web: Noun

Analysts say conditions required for the loans could be unpopular, as Mr. Moreno’s approval rating has tumbled to 31% in February from about 75% shortly after taking office in 2017, according to pollster Cedatos. — Ryan Dube, WSJ, “IMF, Development Banks Agree to $10.2 Billion Bailout for Ecuador,” 21 Feb. 2019 Each credit card held between $15,000 and $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 and $50,000. — Amy Brittain, courant.com, “Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets, White House says,” 12 July 2018 Each credit card held between $15,000 and $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 and $50,000. — Margaret Hartmann, Daily Intelligencer, “Kavanaugh Ran Up Huge Credit Card Debt From Baseball Tickets, White House Says,” 12 July 2018 Each credit card held between $15,000 to $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 to $50,000. — Jen Kirby, Vox, “Report: Brett Kavanaugh racked up thousands in debt buying baseball tickets,” 12 July 2018 Most farm loans are short-term, suggesting they are widely used for household expenditures before harvest rather than investment. — The Economist, “India’s government claims to subsidise farmers, but actually hurts them,” 12 July 2018 Each credit card held between $15,000 to $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 to $50,000. — Washington Post, BostonGlobe.com, “Kavanaugh piled up credit card debt by purchasing Nationals tickets, White House says,” 11 July 2018 Most notably, the loan is unsecured, meaning the lender didn’t require collateral. — Hannah Levitt, latimes.com, “Personal loans surge to a record high,” 3 July 2018 In the design world, entrepreneurs need to be experts not only in design, but also in production, operations, leadership, and financial processes like securing loans, accounting, and cash flow management. — Jessica Andrews, Teen Vogue, “Designer Anita Dongre Talks Dressing Priyanka Chopra, Beyoncé, and Sophie Turner,” 14 Mar. 2019

Recent Examples on the Web: Verb

Over the years, Google has loaned out its Street View camera to photographers, travelers, and organizations to bring 360-degree imagery of cultural landmarks to Google Maps. — Dami Lee, The Verge, “Google updated its Street View Trekker to look slightly less dorky,” 18 Dec. 2018 Ahmad loaned her campaign $450,000 and had about $560,000 on hand as of Dec. 31, according to records filed with the Federal Election Commission. — Andrew Seidman, Philly.com, “Former Mayor Kenney aide Nina Ahmad to run for lieutenant governor,” 26 Feb. 2018 Franklin, a former head of government affairs for Kellogg, loaned his campaign $100,000 as well. — Todd Spangler, Detroit Free Press, “These Michigan Democrats are raising a lot of cash for Congress run,” 1 Feb. 2018 But like Meghan and Kate before her, she was loaned a piece that has not been worn recently by other royals. — Tamara Abraham, Harper’s BAZAAR, “Princess Eugenie’s Wedding Tiara Was Surprisingly Similar to Meghan Markle’s,” 12 Oct. 2018 Tuberville briefly flirted with jumping into the governor’s race last year – even loaning his campaign $100,000 in March 2017. — Paul Gattis, AL.com, “Tommy Tuberville backing Tommy Battle in governor’s race,” 27 Mar. 2018 Oxford and Lookman are on loan from West Ham and Everton respectively and Chelsea may look to loan out Hudson-Odoi instead of selling him at this early stage of his career. — SI.com, “Report: Real Madrid, Barcelona Chasing Chelsea Youngster Callum Hudson-Odoi,” 7 May 2018 Jain was part of a group of investors who loaned McFarland a total of $4 million. — Rose Minutaglio, Town & Country, “How Carola Jain, a Well-Connected New York Investor, Got Duped Into Funding the Fyre Festival,” 26 Jan. 2019 It was later revealed that Epstein had loaned the prince’s ex-wife, Sarah Ferguson, $24,000 to pay off some debts. — Julie K. Brown, The Seattle Times, “Perversion of Justice: Even from jail, sex abuser manipulated the system. His victims were kept in the dark,” 4 Dec. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word ‘loan.’ Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of loan

12th century, in the meaning defined at sense 1a

circa 1543, in the meaning defined above

History and Etymology for loan

Middle English lone “something lent or owing, divine gift,” borrowed from Old Norse lán “something lent, fief,” going back to Germanic *laihna- “something granted or lent” (whence also Old Frisian lēn “fief, benefice, something lent,” Old Saxon lēhan “gift, fief,” Old High German lēhan, lēn “something lent, feudal tenure, benefice,” and, from a variant *laihni-, Old English lǣn “something lent, grant, gift”), noun derivative from the verb *līhwan- “to grant, lend” — more at delinquent entry 2

Note: Germanic *laihna- appears directly comparable with the Indo-Iranian s-stem represented by Vedic Sanskrit rékṇaḥ “inheritance, property,” Avestan raēxənah- “inheritance,” though it is uncertain if the Germanic word can also be derived from an s-stem. See note at delinquent entry 2.


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SOURCE: http://www.merriam-webster.com/dictionary/loan

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