American English

Definition of loan noun from the Oxford Advanced American Dictionary



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  1. 1[countable] money that an organization such as a bank lends and someone 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)
  2. 2[singular, uncountable] loan (of something) the act of lending something; the state of being lent I appreciate the loan of your car yesterday. an exhibition of paintings on loan (= borrowed) from private collections
See the Oxford Advanced Learner's Dictionary entry: loan