loan

  1. Noun.  (banking, finance) A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
  2. Noun.  The contract and array of legal or ethical obligations surrounding a loan.
  3. Noun.  The permission to borrow any item.
  4. Verb.  (context, usually double) To lend (something) to (someone).

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This entry was last updated on RefTopia from its source on 3/20/2012.