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English definition of “loan”

loan

noun [C]
 
 
/ləʊn/ 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, back-to-back loan, bad loan, balloon loan, bank loan, bridge loan, bullet loan, call loan, commercial loan, consumer loan, convertible loan stock, corporate loan, credit-card loan, debt consolidation, discount loan, foreign loan, home equity loan, home loan, interest-free adjective, irrecoverable loan, long-term loan, medium-term loan, non-performing, non-recourse, overnight loan, parallel loan, payday loan, performing loan, personal loan, property loan, rollover, secured loan, short-term loan, soft loan, syndicated, term loan, underlying loans, unsecured loan
(Definition of loan noun from the Cambridge Business English Dictionary © Cambridge University Press)
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