Pronunciation: /loʊn/
noun a sum of money that is borrowed and expected to be paid back with interest
A1 I need to get a loan to buy a new car.
A2 She took out a loan to pay for her college tuition.
B1 The bank approved his loan application for a small business startup.
B2 They decided to consolidate their debts by taking out a loan with a lower interest rate.
C1 The loan agreement included detailed terms and conditions regarding repayment.
C2 He secured a substantial loan from a private investor to expand his company's operations.
verb to lend (someone) something, typically money, under an agreement that the borrower will return the same amount at a later date
A1 I loaned my friend some money to buy lunch.
A2 She loaned me her car for the weekend.
B1 The bank agreed to loan me the money for a new house.
B2 I decided to loan some books from the library for my research project.
C1 The company loaned me a laptop to use while traveling for work.
C2 After careful consideration, I decided to loan a significant amount of money to my brother for his business venture.
formal The bank approved my loan application for a new house.
informal I had to take out a loan to pay for my car repairs.
slang I'm broke, so I might have to ask for a loan from my friend.
figurative She felt like she was borrowing happiness on loan, knowing it wouldn't last forever.
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