loan

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Loan Definition & Meaning

1. A sum of money borrowed from a lender that must be repaid with interest.

Example: I took out a loan from the bank to buy a new car.

2. The act of lending something, such as money or property, to someone else for a period of time.

Example: My friend asked to loan my bike for the weekend.

3. A temporary transfer of something, such as a book or tool, from one person to another.

Example: Can you loan me your pen for a minute?

4. A type of financial aid provided to students to help pay for education expenses, which must be repaid after graduation.

Example: I applied for a student loan to cover my tuition fees.

5. A term used in sports to describe a player who is temporarily transferred to another team for a specific period of time.

Example: The soccer team decided to loan their star player to a rival team for the remainder of the season.

Examples of the word loan used in sentences.

  • We are in debt and struggling to repay our loans.
  • The bank approved my loan application for a new house.
  • My friend borrowed a loan to pay for her tuition fees.
  • He took out a loan to start his small business.
  • I need a loan to buy a car.
  • My friend offered to loan me some money for the trip.
  • The bank approved his loan application for a house.
  • I took out a loan to buy a new car.
  • I am hesitant to loan my bike to someone I don't know.
  • She is struggling to pay off her student loans.
  • I need to apply for a loan to cover the cost of my tuition fees.
  • The bank declined my loan request due to my poor credit score.
  • She lent me a sizeable loan to start my small business.
  • Due to the high interest rate, I decided not to take out a loan from that bank.
  • I had to repay the loan within a year or face additional charges.
  • Since she was unable to pay back her loan on time, she had to consolidate all her debts.
  • The bank was hesitant to approve his loan application because of his poor credit score.
  • The government has announced a new loan program to assist small business owners affected by the pandemic.
  • They were able to buy their dream home after getting a loan from a reputable mortgage company.
  • In order to start her new business, she had to take out a loan from the bank.
  • She eagerly accepted the loan from her parents to start her own business, realizing it was a risk but one she was willing to take.
  • The museum's curator was tasked with securing a loan of priceless artifacts from a foreign institution for a special exhibit.
  • The government's small business loan program helped save many struggling companies during the pandemic.
  • Despite his good credit score, the bank denied his loan application for a down payment on a house.
  • After years of paying off student loans, the couple was finally able to make their first big purchase - a new car.
  • The loan agreement included a clause stating that the borrower must make timely payments to avoid penalties.
  • After careful consideration, John decided to take out a loan to pay for his daughter's college tuition.
  • The government announced a new loan program for small businesses affected by the pandemic.
  • The athlete used a loan to invest in a new training facility, which ultimately led to his success on the world stage.
  • Despite having a high credit score, Sarah was denied a loan from the bank due to her insufficient income.
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