- lending
- An example of a 'carry' (See carrying) which takes place on the LME, this is the sale of near-dated futures and purchases of longer dated futures. On other markets such an intramarket spread trade it is known as 'selling the spread'. Dresdner Kleinwort Wasserstein financial glossary
* * *
1. [intransitive, transitive] BANKING if a bank or financial institution lends money, it lets a person or organization borrow it on condition that they pay it back, with an additional amount as interest, usually gradually over an agreed period of time:• Once again, the government is encouraging banks to lend.
lend something to somebody— lending noun [uncountable] :• stiff controls on bank lending
2. [transitive] to let someone borrow money from you or use something that you own, which they will give back to you later:lend somebody something• Can you lend me $20 till Friday?
lend something to somebody• Neighbouring countries offered to lend rescue equipment to the city authorities after the earthquake.
3. lend strength/support to support or help someone or something:• The bond market rally yesterday also lent some strength to the stock market.
• The dollar's weakness has lent support to precious metals prices.
* * *
lending UK US /ˈlendɪŋ/ noun [U] BANKING, FINANCE► the activity of lending money to people and organizations which they pay back with interest: lending to sb »Lending to borrowers with lower credit scores increased sharply during 2005-6.
increase/cut/raise lending »In the first half of the year, the Bank increased its lending by almost 50%.
lending rises/increases/falls »UK mortgage lending fell by a record £2.3bn in April.
»Equity prices have been hit sharply by the US sub-prime lending crisis.
»business/consumer/corporate lending
»bank/commercial/subprime lending
»lending company/institution/market
»lending practices/figures/growth
→ See also BANK LENDING(Cf. ↑bank lending), MORTGAGE LENDING(Cf. ↑mortgage lending), PREDATORY LENDING(Cf. ↑predatory lending)
Financial and business terms. 2012.
