Loan \Loan\, n. [OE. lone, lane, AS. l[=a]n, l[ae]n, fr. le['o]n
to lend; akin to D. leen loan, fief, G. lehen fief, Icel.
l[=a]n, G. leihen to lend, OHG. l[=i]han, Icel. lj[=i], Goth.
leihwan, L. linquere to leave, Gr. ?, Skr. ric. ? Cf.
Delinquent, Eclipse, Eleven, Ellipse, Lend,
License, Relic.]
1. The act of lending; a lending; permission to use; as, the
loan of a book, money, services.
2. That which one lends or borrows, esp. a sum of money lent
at interest; as, he repaid the loan.
Loan office. (a) An office at which loans are negotiated, or at which
the accounts of loans are kept, and the interest paid
to the lender. (b) A pawnbroker's shop.
Source: Webster's Revised Unabridged Dictionary (1913) |