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American Dictionary of the English Language

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Loan


LOAN, noun

1. The act of lending; a lending.

2. That which is lent; any thing furnished for temporary use to a person at his request, on the express or implied condition that the specific thing shall be returned, or its equivalent in kind, but without compensation for the use; as a loan of a book or of bread.

3. Something furnished for temporary use, on the condition that it shall be returned or its equivalent, but with a compensation for the use. In this sense, loan is generally applied to money. [See Lend.]

4. A furnishing; permission to use; grant of the use; as a loan of credit.

LOAN, verb transitive

To lend; to deliver to another for temporary use, on condition that the thing shall be returned, as a book; or to deliver for use, on condition that an equivalent in kind shall be returned, as bread; or to deliver for temporary use, on condition that an equivalent in kind shall be returned, with a compensation for the use, as in the case of money at interest. Bills of credit were issued, to be loaned on interest.