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English definition of “loan”


noun [C] (SUM)    /ləʊn/ US  /loʊn/
B1 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 .Borrowing, lending and debt
(Definition of loan noun (SUM) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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