loan - definition and synonyms

 
 
 
noun 

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/ləʊn/
singularloan
pluralloans
  1. 1
    [countable] an amount of money that a person, business, or country borrows, especially from a bank
    pay off/repay a loan:

    How soon do you have to pay off the loan?

    obtain/arrange/take out a loan:

    Jim took out a loan to pay for his car.

    Kenya was still paying off a multimillion-dollar loan to the IMF.

    See also soft loan
  2. 2
    [singular] a situation in which someone lends something to someone
    loan of:

    He had accepted Tom’s offer of the loan of his cottage in north Wales.

    give someone a/the loan of something:

    He promised he’d give me the loan of his bike.

    have a loan of something:

    Can I have a loan of your course book?

phrases