Definition of "loan" []

• Something lent for temporary use. (noun)
• A sum of money lent at interest. (noun)
• An act of lending; a grant for temporary use: asked for the loan of a garden hose. (noun)
• A temporary transfer to a duty or place away from a regular job: an efficiency expert on loan from the main office. (noun)
• Usage Problem To lend. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "In December, Novelis Inc. refinanced a term loan of $1.5 billion with a lower coupon of 3 percentage points over the London interbank offering rate or Libor."
• "Quiznos owes lenders led by Goldman Sachs Group Inc. $575 million under a term loan and $70 million under a revolving credit line that matures in May."
• "Under the details announced last week, Chrysler secured $3.2 billion in bonds, $3 billion in a term loan and a $1.3 billion revolving credit facility."