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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.

Use "loan" in a sentence
  • "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."