Poverty Alleviation Terms

noun a sum of money that is borrowed and expected to be paid back with interest

verb to lend (someone) something, typically money, under an agreement that the borrower will return the same amount at a later date

• The bank approved my loan application for a new house.
• I had to take out a loan to pay for my car repairs.
• I'm broke, so I might have to ask for a loan from my friend.
• She felt like she was borrowing happiness on loan, knowing it wouldn't last forever.