loan noun definition in University life topic from the Oxford Advanced Learner's Dictionary

loan

 noun: University life topic
[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)