Loan Meaning

UK /ləʊn/
US /loʊn/
Word Definition
loan meaning

Loan Definition & Usage

noun

A sum of money that is borrowed, typically from a bank or other financial institution, that must be paid back with interest over time.

Examples

  • "She took out a loan to buy her first car."
  • "The company secured a loan from the bank to expand its operations."
  • "I need a loan to cover the tuition fees for next semester."
  • "He was approved for a personal loan to renovate his house."
  • "The government offers student loans to help cover education costs."
verb

To give something temporarily to someone with the expectation that it will be returned.

Examples

  • "Can you loan me your notebook for the afternoon?"
  • "She loaned him her camera for the weekend."
  • "I can’t loan you any money right now."
  • "The library loans books for up to two weeks."
  • "Would you mind loaning me your car while you're away?"
noun

A word or phrase that is borrowed from another language and incorporated into the vocabulary of another language.

Examples

  • "The word 'café' is a loan from French."
  • "Many English words like 'ballet' and 'déjà vu' are French loans."
  • "Loanwords can often retain their original spelling and pronunciation."
  • "English has many loans from Latin and Greek."
  • "The integration of loanwords can reflect cultural exchanges over time."

Cultural Context

The concept of a 'loan' has been integral to human commerce and exchange for centuries. It began as a practice of borrowing and lending resources such as food or goods, evolving into a highly structured financial practice. The idea of loans is central to economies worldwide, particularly in the realms of personal finance, business, and education.

The Loan That Changed Everything

Story

The Loan That Changed Everything

James had always been hesitant about loans. He grew up hearing stories of people who borrowed too much and ended up in debt they couldn’t repay. But when the time came for him to open his own small business, he realized that a loan was the only way forward. After a tense meeting at the bank, he signed the papers for a small business loan. 'Don’t worry, it’s all part of the process,' the banker had assured him. As James walked out of the bank, the weight of the loan felt both overwhelming and empowering. He knew that the business he dreamed of starting could now become a reality. The money wasn’t a gift, but a temporary resource that he’d have to pay back in time. A few months later, James found himself in a different situation. His business was growing fast, and his clients were impressed with the service. However, a new set of challenges arrived, including the need for more equipment. 'I could really use a loan to help cover these costs,' he thought, and reached out to the bank again. This time, he was applying for another loan to keep his company running. In a quiet corner of his office, James noticed his assistant, Sarah, sitting at her desk, glancing through a book. 'What are you reading?' James asked. 'Oh, it’s a book about loanwords in English,' Sarah replied, smiling. 'Did you know that many of our everyday words come from other languages? It's like borrowing words!' James chuckled, thinking about how he was borrowing money and how, in a way, English borrowed so many words from other cultures. In the end, James learned that loans, whether financial or linguistic, could bring about change. They came with responsibility, but they also opened doors. The business loan helped him grow his company, and understanding loanwords added another layer to his appreciation of language and culture. The lessons he’d learned were both financial and cultural—loans weren’t just about borrowing, they were about transformation, whether in business or in the evolution of language itself.

The Loan That Changed Everything