Definition of "loan"
- noun
A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
The contract and array of legal or ethical obligations surrounding a loan.
The permission to borrow any item.
- verb
To lend (something) to (someone).
- Sources