Loan
/loʊn/
Definitions
- (n.) A sum of money lent that is expected to be paid back with interest.
The bank approved her loan application.
- (v.) To lend money or property to someone under an agreement to return it.
He agreed to loan her the funds needed for the project.
Forms
- loans
- loaned
- loaning
Related terms
Commentary
In legal drafting, clearly specify terms of repayment and interest to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.