Definition for LOAN

LOAN, n. [Sax. læn, hlæn; Sw. lån; Dan. laan; D. leen; G. lehen; Sax. landes læn, a fief. See Lend.]

  1. The act of lending; a lending.
  2. That which is lent; any thing furnished for temporary use to a person at his request, on the express or implied condition that the specific thing shall be returned, or its equivalent in kind, but without compensation for the use; as, a loan of a book or of bread.
  3. Something furnished for temporary use, on the condition that it shall be returned or its equivalent, but with a compensation for the use. In this sense, loan is generally applied to money. [See Lend.]
  4. A furnishing; permission to use; grant of the use; as, a loan of credit. – Kent.

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