loan
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loan¹
- /ləʊn/ UK
- /loʊn/ US
Sounds like lone · Rhymes with -əʊn
Where it comes from
From Middle English lone, lane, from Old Norse lán, from Proto-Germanic *laihną, from Proto-Indo-European *leykʷ- (“to leave (over)”).
Cognate with Icelandic lán, Swedish lån, Danish lån, German Lehen (“fief”), Dutch leen (“fief”), West Frisian lien, North Frisian leen (“fief; loan; office”), Scots lane, lain, len, Old English lǣn. More at lend.
noun loans
- An act or instance of lending, an act or instance of granting something for temporary use. Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester.
- A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest). All loans from the library, whether books or audio material, must be returned within two weeks.
- The contract and array of legal or ethical obligations surrounding a loan. He made a payment on his loan.
- The permission to borrow any item. Thank you for the loan of your lawn mower.
verb loans · loaning · loaned
- To lend (something) to (someone). In the course of a correspondence that passed between us at this period, he mentioned, to my utter astonishment, the fact of his having loaned Neilson 81000 to buy my bill on Maryland; and stated that he could not proceed to make the payment until Neilson refunded the money.
loan²
- /ləʊn/ UK
- /loʊn/ US
Sounds like lone · Rhymes with -əʊn
Where it comes from
From Scottish Gaelic lòn (“marshy meadow”) (compare lèana (“wet meadow, marsh, meadow”)).
noun loans
- An area of uncultivated ground near a village or farmhouse. the Loan of Turchloy, the Black Loan
