LOAN Meaning and
Definition
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A loan refers to a financial agreement where an individual, organization, or institution provides a specific sum of money to another individual, organization, or institution, known as the borrower, with the expectation that the borrowed amount shall be repaid along with an additional fee or interest within a predetermined period of time. Loans are commonly taken by individuals for various purposes, such as purchasing a home, buying a vehicle, funding education, or covering unexpected expenses. Moreover, loans serve as a means for businesses to fund their operations and investments.
The terms and conditions of a loan typically include the loan amount, interest rate, repayment schedule, and any associated fees. Loans can be either secured or unsecured. Secured loans require the borrower to provide collateral, such as property or an asset, as a form of guarantee against the loan. In contrast, unsecured loans do not necessitate collateral but generally have higher interest rates due to the increased risk for the lender. The borrower's creditworthiness, income, and financial history are often evaluated by the lender before approving a loan.
Loans play a significant role in facilitating economic growth and development by providing individuals and businesses access to capital they may not possess otherwise. However, it is essential for borrowers to carefully consider their financial capabilities and the repayment terms before entering into a loan agreement to ensure responsible borrowing and timely repayment.
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• Anything given for temporary use; sum of money lent for a time at interest; grant of the use.
• To grant the use of for a time; to lend.
• A lane; a quiet, shady, winding path.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for LOAN *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for LOAN
Etymology of LOAN
The word "loan" originated from Middle English, influenced by Old Norse and Middle Dutch. "Loan" entered the English language in the 13th century, derived from the Old Norse word "lǫn", which means "to lend". The Old Norse term, in turn, came from the Middle Dutch word "lēn" or "lēne", meaning "a grant or fief". Both the Old Norse and Middle Dutch words found their roots in the Proto-Germanic language, specifically from the word "laiznō", referring to a "loan or lending". This Proto-Germanic term shares origins with the Old High German word "lihan", meaning "to lend", and the Gothic word "leihwan", also meaning "to lend".
Idioms with the word LOAN
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take out a loan
The idiom "take out a loan" means to borrow a sum of money from a person, organization, or financial institution with an agreement to repay it usually with interest within a specific period of time. It refers to the act of obtaining funds temporarily to fulfill financial needs or make a specific purchase.
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on loan (from sm or sth)
The idiom "on loan (from sm or sth)" refers to an object or item that is temporarily borrowed or given to someone from another person, organization, or entity for a specific period of time. It implies that the person currently in possession of the item does not own it and is expected to return it after a certain duration or upon request.
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loan sth to sm
The idiom "loan something to someone" means to temporarily provide or entrust something to someone with the understanding that it will be returned in the future. This can refer to lending money, objects, or any other item of value.
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float a loan
The idiom "float a loan" means to request or obtain a loan from a bank, financial institution, or another source of funds. It refers to the process of securing credit or borrowing money for a specific purpose, such as buying a house, starting a business, or funding a project. The term "float" in this context implies that the loaned amount will be repaid at a later date, typically with interest.
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on loan
The idiom "on loan" refers to something that is temporarily borrowed or leased from its owner for a specific period of time, usually with an agreement to return it in the future. It suggests that the item is not owned by the person currently in possession of it, but rather borrowed or entrusted to them for a temporary use or purpose.
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Jumbo loan
The idiom "Jumbo loan" refers to a type of mortgage loan that exceeds the limits set by government-sponsored enterprises such as Fannie Mae and Freddie Mac. Jumbo loans are used to finance higher-priced properties and are typically associated with larger loan amounts and higher interest rates compared to conventional loans.
Similar spelling words for LOAN
- off-line,
- Lune,
- Lene,
- Layney,
- lane,
- Leeanna,
- LUNHA,
- load,
- lone,
- Lannah,
- LJN,
- Lennie,
- LWNH,
- LNO,
- Lon798,
- luna,
- Lyne,
- Loni,
- Luannie,
- Layna,
- Leannie,
- Lanae,
- Leannah,
- Leno,
- Launi,
- LAN/RM,
- Louann,
- llano,
- Lona,
- LANA-1,
- HS-LAN,
- Linna,
- Lonne,
- Louanne,
- Leighan,
- Leina,
- Leeanne,
- Lliana,
- Lani,
- LANE-NNI,
- Leanah,
- Luan,
- Lanie,
- Leana,
- Lawanna,
- loom,
- Luann,
- Leonie,
- Lainey,
- Linne,
- Leann,
- Leona,
- Layne,
- lanai,
- LNH,
- LYNU,
- Leen,
- Linea,
- WLNE,
- Lina,
- lena,
- two-lane,
- LWN,
- Leanne,
- WAN/LAN,
- L2N,
- Lonny,
- Leyna,
- loans,
- Lewayne,
- Launa,
- Luanne,
- Lianna,
- Leonia,
- lyon,
- Leany,
- Lionni,
- Lonna,
- L10N,
- LENOY,
- Liannah,
- Up-line,
- Leenah,
- Shae-lyn,
- Lawana,
- Luanna,
- SEG.LEN,
- Loma,
- linnaea,
- Leynee,
- EP-LAN,
- MED-LAN,
- LEN/B,
- Leeann,
- LLNA,
- WLN,
- Leena,
- By-lane,
- by-line,
- ISN-LAN,
- lan,
- lyonia,
- LINIA,
- Lynn,
- Lannie,
- Lana,
- Lown,
- LON.GAZ.,
- Lunn,
- lawn,
- Leoine,
- Laina,
- Leianne,
- Luannah,
- Lynea,
- Lenny,
- Leoni,
- PHS-LAN,
- Luny,
- Leighana,
- Lianne,
- Lanna,
- Linnie,
- LEENE,
- Leyanne,
- lowan,
- LIUNA,
- Lenna,
- Lenae,
- Leyan,
- Lanee,
- Lynnae,
- Luwana,
- T-LINE,
- LN5,
- LEN/17,
- Luana,
- Liane,
- Laana,
- loney,
- Lynnea,
- Lanay,
- Leean,
- Lanier,
- Louanna,
- Loena,
- Lyn,
- LENNI,
- LHN,
- Leiane,
- Len,
- Lanny,
- lean,
- Leanna,
- Lonee,
- Liann,
- lion,
- Lenie,
- Luano,
- lean-to,
- LNN,
- LUN,
- on-line,
- LANE-UNI,
- line,
- LOGN,
- HLINE,
- LAN-WAN,
- Liona,
- Linn,
- loin,
- old-line,
- Lenn,
- Laine,
- Lynne,
- WI-LAN,
- lien,
- LYWYNY,
- Liahna,
- lyonnais,
- Lain,
- Lieana,
- Linah,
- LAUN,
- LGN,
- loony,
- LLAN,
- A-LINE,
- Lynae,
- Lian,
- liana,
- LUNI,
- laney,
- lome,
- leon,
- WLAN,
- lino,
- Loewen,
- HLIN,
- Lonn,
- Lawny,
- HLEN,
- Lyna,
- PC-LAN,
- LLN-CNRS,
- Leeahnne,
- ligne,
- LANAO,
- Linnae,
- LINEE,
- A-LAN,
- Lioni,
- Leiana,
- lin,
- Lon,
- LANO,
- loon,
- Lajni,
- loaf,
- LNA-1,
- Leane,
- Loana,
- line-out,
- Lynah,
- Lenah,
- Lonni,
- FOC/LAN,
- Lewana,
- Linnea,
- looney,
- Lenai,
- Leonna,
- LYUN,
- moan,
- Lonnie,
- Lewanna,
- LNA,
- loonier,
- Leighann,
- loam,
- Liahne,
- lowney,
- Lanah,
- leone,
- Leeona,
- roan,
- Lynna,
- Lenya,
- LOUN,
- LANN,
- Luane,
- Linh,
- Lonie,
- HLN,
- luwian,
- lohan.
Conjugate verb Loan
CONDITIONAL
I
would loan
you
would loan
he/she/it
would loan
we
would loan
they
would loan
CONDITIONAL CONTINUOUS
I
would be loaning
you
would be loaning
he/she/it
would be loaning
we
would be loaning
they
would be loaning
CONDITIONAL PERFECT
I
would have loan
you
would have loan
he/she/it
would have loan
we
would have loan
they
would have loan
CONDITIONAL PERFECT CONTINUOUS
I
would have been loaning
you
would have been loaning
he/she/it
would have been loaning
we
would have been loaning
they
would have been loaning
FUTURE
I
will loan
you
will loan
he/she/it
will loan
we
will loan
they
will loan
FUTURE CONTINUOUS
I
will be loaning
you
will be loaning
he/she/it
will be loaning
we
will be loaning
they
will be loaning
FUTURE PERFECT
I
will have loaned
you
will have loaned
he/she/it
will have loaned
we
will have loaned
they
will have loaned
FUTURE PERFECT CONTINUOUS
I
will have been loaning
you
will have been loaning
he/she/it
will have been loaning
we
will have been loaning
they
will have been loaning
IMPERATIVE
you
loan
we
let´s loan
to loan
PAST
I
loaned
you
loaned
he/she/it
loaned
we
loaned
they
loaned
PAST CONTINUOUS
I
was loaning
you
were loaning
he/she/it
was loaning
we
were loaning
they
were loaning
PAST PARTICIPLE
loaned
PAST PERFECT
I
had loaned
you
had loaned
he/she/it
had loaned
we
had loaned
they
had loaned
PAST PERFECT CONTINUOUS
I
had been loaning
you
had been loaning
he/she/it
had been loaning
we
had been loaning
they
had been loaning
PRESENT
I
loan
you
loan
he/she/it
loans
we
loan
they
loan
PRESENT CONTINUOUS
I
am loaning
you
are loaning
he/she/it
is loaning
we
are loaning
they
are loaning
PRESENT PARTICIPLE
loaning
PRESENT PERFECT
I
have loaned
you
have loaned
he/she/it
has loaned
we
have loaned
they
have loaned
PRESENT PERFECT CONTINUOUS
I
have been loaning
you
have been loaning
he/she/it
has been loaning
we
have been loaning
they
have been loaning
I
would have loaned
we
would have loaned
you
would have loaned
he/she/it
would have loaned
they
would have loaned
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