Loan



[lohn] /loʊn/

noun
1.
the act of lending; a grant of the temporary use of something:
the loan of a book.
2.
something lent or furnished on condition of being returned, especially a sum of money lent at interest:
a $1000 loan at 10 percent interest.
3.
.
verb (used with object)
4.
to make a loan of; lend:
Will you loan me your umbrella?
5.
to lend (money) at interest.
verb (used without object)
6.
to make a loan or loans; lend.
Idioms
7.
on loan,

[lohn] /loʊn/
noun, Scot.
1.
a country lane; secondary road.
2.
an uncultivated plot of farmland, usually used for milking cows.
/ləʊn/
noun
1.
the act of lending: the loan of a car
2.

3.
the adoption by speakers of one language of a form current in another language
4.
short for loan word
5.
on loan

verb
6.
to lend (something, esp money)
/ləʊn/
noun (Scot & Northern English, dialect)
1.
a lane
2.
a place where cows are milked
n.

mid-13c., from Old Norse lan, related to lja “to lend,” from Proto-Germanic *laikhwniz (cf. Old Frisian len “thing lent,” Middle Dutch lene, Dutch leen “loan, fief,” Old High German lehan, German Lehn “fief, feudal tenure”), originally “to let have, to leave (to someone),” from PIE *leikw- “to leave” (see relinquish).

The Norse word also is cognate with Old English læn “gift,” which did not survive into Middle English, but its derived verb lænan is the source of lend. As a verb, loan is attested from 1540s, perhaps earlier, and formerly was current, but has now been supplanted in England by lend, though it survives in American English.

Loan word (1874) is a translation of German Lehnwort; loan-translation is attested 1933, from German Lehnübersetzung. Slang loan shark first attested 1900.

The Mosaic law required that when an Israelite needed to borrow, what he asked was to be freely lent to him, and no interest was to be charged, although interest might be taken of a foreigner (Ex. 22:25; Deut. 23:19, 20; Lev. 25:35-38). At the end of seven years all debts were remitted. Of a foreigner the loan might, however, be exacted. At a later period of the Hebrew commonwealth, when commerce increased, the practice of exacting usury or interest on loans, and of suretiship in the commercial sense, grew up. Yet the exaction of it from a Hebrew was regarded as discreditable (Ps. 15:5; Prov. 6:1, 4; 11:15; 17:18; 20:16; 27:13; Jer. 15:10). Limitations are prescribed by the law to the taking of a pledge from the borrower. The outer garment in which a man slept at night, if taken in pledge, was to be returned before sunset (Ex. 22:26, 27; Deut. 24:12, 13). A widow’s garment (Deut. 24:17) and a millstone (6) could not be taken. A creditor could not enter the house to reclaim a pledge, but must remain outside till the borrower brought it (10, 11). The Hebrew debtor could not be retained in bondage longer than the seventh year, or at farthest the year of jubilee (Ex. 21:2; Lev. 25:39, 42), but foreign sojourners were to be “bondmen for ever” (Lev. 25:44-54).

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Read Also:

  • Loanable

    [loh-nuh-buh l] /ˈloʊ nə bəl/ adjective 1. that can be . 2. available for for a fee or at interest. noun 3. something that is loanable.

  • Loanback

    /ˈləʊnˌbæk/ noun 1. a facility offered by some life-assurance companies in which an individual can borrow from his pension fund verb 2. to make use of this facility



  • Loanblend

    [lohn-blend] /ˈloʊnˌblɛnd/ noun 1. a compound word or expression consisting of both native and foreign elements.

  • Loan-blend

    [lohn-blend] /ˈloʊnˌblɛnd/ noun 1. a compound word or expression consisting of both native and foreign elements.



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