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What does loan mean?

Looking for the meaning or definition of the word loan? Here's what it means.

Noun
  1. (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. The contract and array of legal or ethical obligations surrounding a loan.
  3. The permission to borrow any item.
Verb
  1. (usually double transitive, US, dated in Britain, informal) To lend (something) to (someone).
Noun
  1. (Scotland) A lonnen.
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