loan

noun

1. An act or instance of lending, an act or instance of granting something for temporary use.

   “Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester.”

2. A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).

   “All loans from the library, whether books or audio material, must be returned within two weeks.”

   “He got a loan of five thousand pounds.”

   “That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.”

3. The contract and array of legal or ethical obligations surrounding a loan.

   “He made a payment on his loan.”

4. The permission to borrow any item.

   “Thank you for the loan of your lawn mower.”

   “And while Thompson has yet to make a first-team appearance for Derby, he got experience playing for Braintree Town on loan in the National League earlier this season. Eustace also said that there would be no option to bring in an emergency loan cover for as long as O'Donnell remains fit.”

5. (Northern-England, Scotland)An area of uncultivated ground near a village or farmhouse.

   “the Loan of Turchloy, the Black Loan”

   “[...] The herds upon the loan, As if a sheep had fled, wi' speed, At Grumphy tykes hound on Wi' loud huzza!”

   “[...] meeting in the loan above the house his own great plough with the six oxen, which were the pride of his heart.”

   “When the dews begin to fauld the flowers, and the gloaming shades draw on, When the star comes stealing through the sky, and the kye are in the loan, He whistles[…]”

verb

1. (US, ditransitive, informal, usually)To lend (something) to (someone).

   “In the course of a correspondence that passed between us at this period, he mentioned, to my utter astonishment, the fact of his having loaned Neilson 81000 to buy my bill on Maryland; and stated that he could not proceed to make the payment until Neilson refunded the money.”

   “All the rest—six out of eleven, more than half—were loaned to him.”

   “Upon maturity of the debt, the investment bank returns the loaned shares. On the date of issuance, the entity should record the loaned shares at their fair value and recognize them as an issuance cost, with an offset to additional paid-in capital.”