money lent at interest.A lender makes a "loan" with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms
Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million. Bloomberg Financial Dictionary

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I. loan loan 1 [ləʊn ǁ loʊn] noun [countable] FINANCE
1. money borrowed from a bank, financial institution, person etc on which interest is usually paid to the lender until the loan is repaid:

• The couple took out and repaid several loans (= obtained them and paid them back ) to build up their business.

• The bank recently made a loan to the company for a new warehouse.

• Citibank will provide loans of $50,000 to $250,000 to small contractors.

• More than 40 financial institutions have extended loans (= given loans ) to the real estate firm.

word focus - loan
A loan is a form of debt. A borrower receives money from a lender which they pay back in instalments /​installments (= a series of regular payments that are made until all of the loan has been paid back ) . Loans are provided by financial institutions , such as banks, who charge interest. The interest rate (= percentage rate used for calculating interest over a particular period of time, usually one year ) usually depends on the type of loan. You usually pay a lower rate of interest on a secured loan than on an unsecured loan. An example of a secured loan is a mortgage (= a loan to buy a property ) . If you do not make your regular payments on a mortgage, the lender normally has the right to take the property and sell it in order to get back their money. Examples of an unsecured loan include an overdraft (= an arrangement between a bank and a customer allowing them to take out more money from their current account than they have in it ) , a personal loan, and money owed on a credit card.
2. service a loan a) to make repayments on a loan:

• With rising sales, he saw no problem servicing the loans.

b) to collect repayments on a loan for another organization:

• Many lenders continue to service loans they have sold into the secondary market.

3. refinance a loan to replace an old loan with a new one:

• Homeowners rushed to refinance and prepay their loans at lower interest rates.

aˈmortizing ˌloan FINANCE
a loan that is paid in small regular repayments
ˌback-to-ˈback loan FINANCE
a loan in one currency backed by a loan in another in order to avoid currency exchange restrictions:

• Back-to-back loans are devices that can aid money laundering.

ˌbad ˈloan FINANCE
a loan where repayments are not being made as originally agreed between the borrower and the lender, and which may never be repaid:

• He says bad loans in the UK will wipe out all the earnings the bank might show next year.

balˈloon loan FINANCE
a loan where repayments are small until the end of the loan, when there are one or two very large repayments:

• Five-year balloon loans are attractive to starter-home buyers and those who plan to stay in a house for less than five years.

an amount of money lent by a bank:

• The company is taking out a bank loan of £14.5 million to fund the acquisitions.

• Thomas sold off his shares in the company to pay off personal bank loans.

ˈbridge loan also ˈbridging loan FINANCE BANKING
a loan made for a short period of time while longer-term financing is arranged
ˈbullet loan FINANCE
a loan where only interest is paid during the period of the loan, and the original loan itself is paid back in one payment at the end
ˈcall loan FINANCE
a loan where the lender can ask for their money back at any time:

• Call loans are used by investment dealers to purchase securities.

comˌmercial ˈloan FINANCE BANKING
a loan made to a business, rather than to a person:

• As with any commercial loan, an examiner will continue to thoroughly review the borrower's financial condition, income, and cash flow.

conˈsumer loan FINANCE BANKING
a loan to a person so that they can buy a house, goods for their house, a car etc, rather than to a business:

• Consumer loans are enormously profitable for lenders.

ˌcorporate ˈloan FINANCE BANKING
a loan to a business so that it can buy buildings, equipment etc, rather than to a person:

• Corporate loan demand remains slow, with few corporations increasing debt to expand plant and equipment.

ˈcredit-card ˌloan FINANCE BANKING
money borrowed by using a credit card
ˌdebt consoliˈdation loan FINANCE BANKING
a loan used to pay back a number of existing loans, so that payments are only made to one lender instead of to several:

• If they're applying for debt consolidation loans to pay off their credit cards, we talk to them about what they're doing with the cards.

deˈlinquent loan FINANCE
another name for a bad loan
ˈdiscount loan
FINANCE BANKING a loan on which the interest and other charges are taken away from the total before the loan is given to the borrower:

• lending companies offering low-interest and discount loans

ˈforeign loan FINANCE
a loan to a country or organization made by a foreign government or financial institution:

• efforts by Central American governments to attract foreign loans and aid

an additional loan that a borrower takes out on a particular property, as a way to obtain money; = SECOND MORTGAGE
an amount of money that is lent to someone by a bank or building society to allow them to buy a house. The house is used as security for the loan:

• The company has always specialized in making home loans.

ˌinterest-ˈfree loan FINANCE
a loan where the borrower does not have to pay interest for a particular period of time:

• Peugeot will extend interest-free loans of up to 48 months if the buyer comes up with a downpayment of at least 20%.

irreˌcoverable ˈloan also ˌnon-reˌcoverable ˈloan FINANCE BANKING
a loan that will never be paid back:

• The bank shut down under the weight of trillions of yen in irrecoverable loans.

ˌlong-term ˈloan FINANCE BANKING
a loan where repayments are made over several years, usually between five and ten years:

• Many consumers appear unwilling to lock themselves into a long-term loan or lease agreement.

ˌmedium-term ˈloan FINANCE BANKING
a loan where repayments are made over a period of between one and five years
non-perˈforming ˌloan FINANCE
another name for a bad loan
nonreˈcourse ˌloan FINANCE BANKING
a loan where, if the borrower fails to make repayments, the lender has the right to take the asset that the borrower bought with the loan, but has no rights to the borrower's other assets
overˈnight loan FINANCE BANKING
a loan between banks that lend each other money for very short periods of time
ˈparallel loan FINANCE
another name for a back-to-back loan
perˈforming loan FINANCE BANKING
a loan where repayments are being made normally and on time
ˌpersonal ˈloan FINANCE BANKING
a loan to a person for their own use rather than to a business:

• the fairly high interest rates we pay on credit cards, car, student and other personal loans

ˈproperty loan also ˈreal estate ˌloan FINANCE PROPERTY BANKING
a loan used to buy land, buildings etc:

• All of its commercial real estate loans are to income-producing properties.

ˈrollover loan FINANCE BANKING
1. a loan where a bank allows a borrower, after a particular period of time has passed, to continue owing money after the repayment date
2. a loan where the borrower agrees to pay interest at a particular rate, and to pay back the money at a particular time
seˌcured ˈloan FINANCE BANKING
a loan where the borrower has promised to give the lender certain assets if they fail to make repayments:

• The bank makes secured loans on real estate rather than riskier equity investments.

ˌshort-term ˈloan FINANCE BANKING
a loan for a period of time up to a year:

• The city received a $150 million short-term loan to allow it to pay its employees until taxes are collected in February.

a loan with very low interest, often given to countries as a form of aid:

• Donors pledged $3.3 billion in grants and soft loans to the Philippines.

ˌsyndicated ˈloan FINANCE BANKING
a loan where there are many lenders. A syndicated loan is organized and managed by a lead bank:

• Twelve international banks are arranging a $3.6 billion syndicated loan.

a loan that has to be repaid over a fixed period of time:

• Its credit line was converted to a term loan that matures Oct. 31.

ˌunderlying ˈloan FINANCE
one of the original loans that support Asset-Backed Securities. Repayments from these loans provide the money to repay the securities. The securities lender has the right to these repayments if the borrower does not make repayments on the securities
ˌunsecured ˈloan FINANCE BANKING
a loan where there are no assets to which the lender has a right if the borrower does not make repayments:

• Unsecured loans are generally more expensive because lenders take on more risk.

  [m0] II. loan loan 2 verb [transitive] FINANCE
especially AmE to lend someone something, especially money:
loan somebody something/​loan something to somebody

• The IMF has already loaned the country $11 billion.

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loan UK US /ləʊn/ noun [C] FINANCE
money that someone borrows from a bank or other financial organization for a period of time during which they pay interest: a loan to sb/sth »

The bank's portfolio of loans to commercial and industrial firms shrank from $15.7 billion the previous year to $12.7 billion.

get/take out/apply for a loan »

Before you take out a loan sit down and list all the money you have coming in.

pay off/pay back/repay a loan »

New restrictions require lenders to check a person's income and ability to repay the loan.

provide/give/make a loan »

World banks injected as much as $64 billion into global money markets to encourage banks to make loans again.


approve/refuse a loan


a low-interest/fixed-rate/interest-only loan


Banks and particularly building societies expect the amount of loans in arrears to increase.

See also AMORTIZING LOAN(Cf. ↑amortizing loan), BACK-TO-BACK LOAN(Cf. ↑back-to-back loan), BAD LOAN(Cf. ↑bad loan), BALLOON LOAN(Cf. ↑balloon loan), BANK LOAN(Cf. ↑bank loan), BRIDGE LOAN(Cf. ↑bridge loan), BULLET LOAN(Cf. ↑bullet loan), CALL LOAN(Cf. ↑call loan), COMMERCIAL LOAN(Cf. ↑commercial loan), CONSUMER LOAN(Cf. ↑consumer loan), CONVERTIBLE LOAN STOCK(Cf. ↑convertible loan stock), CORPORATE LOAN(Cf. ↑corporate loan), CREDIT-CARD LOAN(Cf. ↑credit-card loan), DEBT CONSOLIDATION(Cf. ↑debt consolidation), DISCOUNT LOAN(Cf. ↑discount loan), FOREIGN LOAN(Cf. ↑foreign loan), HOME EQUITY LOAN(Cf. ↑home equity loan), HOME LOAN(Cf. ↑home loan), INTEREST-FREE(Cf. ↑interest-free) adjective, IRRECOVERABLE LOAN(Cf. ↑irrecoverable loan), LONG-TERM LOAN(Cf. ↑long-term loan), MEDIUM-TERM LOAN(Cf. ↑medium-term loan), NON-PERFORMING(Cf. ↑non-performing), NON-RECOURSE(Cf. ↑non-recourse), OVERNIGHT LOAN(Cf. ↑overnight loan), PARALLEL LOAN(Cf. ↑parallel loan), PAYDAY LOAN(Cf. ↑payday loan), PERFORMING LOAN(Cf. ↑performing loan), PERSONAL LOAN(Cf. ↑personal loan), PROPERTY LOAN(Cf. ↑property loan), ROLLOVER(Cf. ↑rollover), SECURED LOAN(Cf. ↑secured loan), SHORT-TERM LOAN(Cf. ↑short-term loan), SOFT LOAN(Cf. ↑soft loan), SYNDICATED(Cf. ↑syndicated), TERM LOAN(Cf. ↑term loan), UNDERLYING LOANS(Cf. ↑underlying loans), UNSECURED LOAN(Cf. ↑unsecured loan)
loan UK US /ləʊn/ verb [T]
to lend someone something: loan sb sth/loan sth to sb »

The finance report showed that a wealthy donor had loaned his campaign $1.15 million.


Lenders who loaned money for more than houses were worth have become victims of the economic downturn.

Compare LEND(Cf. ↑lend)

Financial and business terms. 2012.

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  • loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu …   Law dictionary

  • loan — verb. In 19c British English, loan was a standard alternative for lend, but by the time Fowler wrote (1926) loan had been largely driven out by lend, although it has continued in use in AmE. In current use loan is mostly confined to non British… …   Modern English usage

  • Loan — Loan, n. [OE. lone, lane, AS. l[=a]n, l[ae]n, fr. le[ o]n to lend; akin to D. leen loan, fief, G. lehen fief, Icel. l[=a]n, G. leihen to lend, OHG. l[=i]han, Icel. lj[=i], Goth. leihwan, L. linquere to leave, Gr. lei pein, Skr. ric. [root]119. Cf …   The Collaborative International Dictionary of English

  • loan — (n.) mid 13c., from O.N. lan, related to lja to lend, from P.Gmc. *laikhwniz (Cf. O.Fris. len thing lent, M.Du. lene, Du. leen loan, fief, O.H.G. lehan, Ger. Lehn fief, feudal tenure ), originally to let have, to leave (to someone), from PIE *lei …   Etymology dictionary

  • LOAN — oder Loan bezeichnet: LOAN, ICAO Code des Flugplatz Wiener Neustadt/Ost Benjamin F. Loan (1819–1881), US amerikanischer Politiker Diese Seite ist eine Begriffsklärung zur Unterscheidung mehrerer mit demselben Wor …   Deutsch Wikipedia

  • loan — loan·able; loan; loan·er; loan·ing; …   English syllables

  • loan — ► NOUN 1) a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. 2) the action of lending. ► VERB ▪ give as a loan. ● on loan Cf. ↑on loan DERIVATIVES …   English terms dictionary

  • loan — [lōn] n. [ME lone < ON lān (akin to OE læn, lending, loan, lænan, to lend) < IE base * leikw , to leave behind > L linquere, Gr leipen, Sans riṅákti, (he) leaves] 1. the act of lending, esp. to use for a short time [the loan of a pen] 2 …   English World dictionary

  • Loan — Loan, v. t. [imp. & p. p. {Loaned}; p. pr. & vb. n. {Loaning}.] To lend; sometimes with out. Kent. [1913 Webster] By way of location or loaning them out. J. Langley (1644). [1913 Webster] …   The Collaborative International Dictionary of English

  • Loan — (l[=o]n), n. [See {Lawn}.] A loanin. [Scot.] [1913 Webster] …   The Collaborative International Dictionary of English

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