Definitions
- To give something to someone for a temporary period of time. - To provide assistance or support to someone in need. - To grant access or permission to use something.
- To give money to someone with the expectation that it will be paid back with interest. - To provide something to someone for a temporary period of time. - To allow someone to use something that belongs to you.
List of Similarities
- 1Both involve giving something to someone else.
- 2Both can be used to describe temporary transfers of possessions or resources.
- 3Both can be used to describe financial transactions.
- 4Both can be used to describe acts of generosity or assistance.
What is the difference?
- 1Usage: Lend is more commonly used in everyday language, while loan is more often used in financial contexts.
- 2Purpose: Lend implies a temporary transfer of possession, while loan implies a temporary transfer of ownership.
- 3Interest: Loan implies an agreement to pay back the borrowed amount with interest, while lend does not necessarily involve interest.
- 4Formality: Loan is more formal than lend, and is often used in legal or financial contexts.
- 5Connotation: Lend is often associated with acts of kindness or generosity, while loan can be associated with financial obligation or risk.
Remember this!
Lend and loan are synonyms that describe the act of giving something to someone else for a temporary period of time. However, lend is more commonly used in everyday language and implies a temporary transfer of possession without interest, while loan is more formal and often involves a financial transaction with interest and temporary transfer of ownership.
