loan
n. countablen. an amount of money that you borrow from a person or a bank. You usually have to pay it back later, often with an extra cost called interest.
n. a sum of money borrowed from a financial institution or individual that must be repaid, typically with interest. It may also refer to the act of lending something for temporary use.
I need a small loan to buy a new car.
The bank approved her student loan application after she provided proof of her university enrollment.
Small businesses often struggle to secure a commercial loan without significant collateral or a proven track record of annual revenue.
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.
From Scottish Gaelic lòn (“marshy meadow”) (compare lèana (“wet meadow, marsh, meadow”)).
Commonly used with the verbs 'take out', 'apply for', or 'repay'.
I asked the bank for a lendI asked the bank for a loanLearners often confuse the verb 'lend' with the noun 'loan'.