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loan

[lohn]

loan Definition

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

Using loan: Examples

Take a moment to familiarize yourself with how "loan" can be used in various situations through the following examples!

  • Example

    He took out a loan to buy a car.

  • Example

    The bank approved her loan application.

  • Example

    I need to repay my student loans.

  • Example

    The company is in debt because of the loans it took out.

loan Synonyms and Antonyms

Antonyms for loan

Idioms Using loan

  • temporarily given to someone else to use or keep

    Example

    The painting is on loan to the museum from a private collector.

  • a person who lends money at extremely high interest rates, often illegally

    Example

    He had to borrow money from a loan shark because he couldn't get a loan from a bank.

  • the borrowing of a word or phrase from one language into another by literal translation

    Example

    The English phrase 'beer garden' is a loan translation of the German 'Biergarten'.

Phrases with loan

  • a loan that is not secured against any asset, such as a house or car

    Example

    She took out a personal loan to pay for her wedding.

  • business loan

    a loan that is taken out by a business to finance its operations or expansion

    Example

    The company applied for a business loan to open a new branch.

  • a small, short-term loan that is intended to cover a borrower's expenses until their next payday

    Example

    He took out a payday loan to pay for his rent and bills.

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Summary: loan in Brief

A 'loan' [lohn] is a borrowed thing, typically a sum of money that is expected to be repaid with interest. It can be used for various purposes, such as buying a car or financing a business, and comes in different types like 'personal loan' and 'payday loan.' The term 'on loan' refers to something temporarily given to someone else to use or keep, while 'loan shark' denotes a person who lends money at extremely high interest rates.

How do native speakers use this expression?