Word: Loan
Part of Speech: Noun and Verb
Definition:
As a Noun: A loan is a sum of money that is borrowed and is expected to be paid back with interest. For example, if you need money to buy a car, you might take out a loan from a bank.
As a Verb: To loan means to give something to someone temporarily, with the expectation that it will be returned. For example, "I will loan you my book for a week."
Usage Instructions:
When using "loan" as a noun, it often refers to money, but it can also refer to other borrowed items.
As a verb, "to loan" is commonly used in informal contexts. In more formal contexts, you might use "lend."
Examples:
Advanced Usage:
In finance, a "student loan" refers to money borrowed to pay for education, which typically needs to be paid back after graduation.
A "personal loan" is a type of loan that can be used for various personal expenses, and it usually has a fixed interest rate.
Word Variants:
Lender: A person or organization that loans money.
Borrower: A person who takes a loan.
Loaning: The act of giving something temporarily.
Different Meanings:
In a different context, "loan" can refer to borrowing words from other languages, like "blitz," which is a German word used in English.
Synonyms:
For the noun: credit, advance, mortgage.
For the verb: lend, grant, provide.
Idioms and Phrasal Verbs:
Summary:
A "loan" is primarily about borrowing money or items. Remember, if you are borrowing something, you are the borrower; if you are giving something temporarily, you are the lender.