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English definition of “loan”

loan

noun uk   /ləʊn/ us    /loʊn/

loan noun (SUM)

B1 [C] an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing: She's trying to get a $50,000 loan to start her own business. We could apply for/take out a loan to buy a car.

loan noun (BORROW)

C1 [C or U] an act of borrowing or lending something: Thank you very much for the loan of your bike. This exhibit is on loan (= being borrowed/lent) from/to another museum.
on loan If a football player is on loan, they are playing for a different club for a limited period of time: He spent a month on loan at Newcastle.

loan

verb [T] uk   /ləʊn/ us    /loʊn/
to lend: This library loans books and CDs. [+ two objects] I'd loan you the money if I could./I'd loan the money to you if I could.
(Definition of loan from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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