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