Definition of loan noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ləʊn//
    ; NAmE NAmE//loʊn//
    University life, Buying a home, Banking
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  1. 1  [countable] money that an organization such as a bank lends and somebody borrows to take out/repay a loan (= to borrow money/pay it back) bank loans with low interest rates It took three years to repay my student loan (= money lent to a student). a car loan (= a loan to buy a car) Wordfinderaccount, balance, bank, credit, debit, deposit, interest, loan, statement, withdrawal CollocationsFinanceIncome earn money/​cash/(informal) a fortune make money/​a fortune/(informal) a killing on the stock market acquire/​inherit/​amass wealth/​a fortune build up funds/​savings get/​receive/​leave (somebody) an inheritance/​a legacy live on a low wage/​a fixed income/​a pension get/​receive/​draw/​collect a pension depend/​be dependent on (British English) benefits/(North American English) welfare/​social securityExpenditure spend money/​your savings/(informal) a fortune on… invest/​put your savings in… throw away/​waste/ (informal) shell out money on… lose your money/​inheritance/​pension use up/ (informal) wipe out all your savings pay (in) cash use/​pay by a credit/​debit card pay by/​make out a/​write somebody a/​accept a (British English) cheque/(US English) check change/​exchange money/​currency/(British English) traveller’s cheques/(US English) traveler’s checks give/​pay/​leave (somebody) a depositBanks have/​hold/​open/​close/​freeze a bank account/​an account credit/​debit/​pay something into/​take money out of your account deposit money/​funds in your account withdraw money/​cash/£30 from an ATM, etc. (formal) make a deposit/​withdrawal find/​go to/​use (especially North American English) an ATM/(British English) a cash machine/​dispenser be in credit/​in debit/​in the black/​in the red/​overdrawnPersonal finance manage/​handle/​plan/​run/ (especially British English) sort out your finances plan/​manage/​work out/​stick to a budget offer/​extend credit (to somebody) arrange/​take out a loan/​an overdraft pay back/​repay money/​a loan/​a debt pay for something in (especially British English) instalments/(usually North American English) installmentsFinancial difficulties get into debt/​financial difficulties be short of/ (informal) be strapped for cash run out of/​owe money face/​get/ (informal) be landed with a bill for £… can’t afford the cost of…/payments/​rent fall behind with/ (especially North American English) fall behind on the mortgage/​repayments/​rent incur/​run up/​accumulate debts tackle/​reduce/​settle your debts Wordfindercredit, debt, deposit, interest, lend, loan, money, mortgage, overdraft, risk See related entries: University life, Buying a home, Banking
  2. 2  [singular] loan (of something) the act of lending something; the state of being lent I even gave her the loan of my car. an exhibition of paintings on loan (= borrowed) from private collections
  3. Word OriginMiddle English (also denoting a gift from a superior): from Old Norse lán, of Germanic origin; related to Dutch leen, German Lehn, also to lend.Extra examples He had to use his house as security for the loan. He ran up massive debts borrowing from loan sharks. He’s given us the loan of his car for the weekend. If you have several student loans, you can consolidate them into one lump sum. My bank manager offered to make me a loan. She had to take out a bridging loan until she could sell her house. The bank provides personal loan facilities at competitive rates. The banks will not agree to emergency funding unless the government will underwrite the loan. The book must be returned by the end of the loan period. The paintings are on loan from the Wallace Collection. The striker comes to the Premiership on an 18-month loan deal from Roma. They used the inheritance to pay off their outstanding loan. They were struggling to meet their monthly loan repayments. a banking system riddled with bad loans a loan from my brother a loan officer at a local mortgage company loans totalling a million pounds loans totalling/​totaling a million euros the terms of the loan agreement with the bank I’m going to have to take out a bank loan to pay for the car. It took three years to repay my student loan. an exhibition of paintings on loan from private collections
See the Oxford Advanced American Dictionary entry: loan