loan
/ləʊn/
Meanings
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noun
A sum of money borrowed with the obligation to repay it, usually with interest.
- "He took out a loan to buy a new car."
- "The bank approved her loan application."
- "They were struggling to make their monthly loan payments."
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verb
To give something, especially money, to another person for a specified period of time.
- "The company loaned us the equipment for the project."
- "Can I borrow your pen for a moment?"
- "She loaned her car to her friend for the weekend."
Pronunciation
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/loʊn/
Source: "https://commons.wikimedia.org/w/index.php?curid=667201" -
/loʊn/
Source: "https://commons.wikimedia.org/w/index.php?curid=667201"
Synonyms
lending , loaning , principal
Rhymes
Words rhyming with loanhome , loam , loaner , roam
Variants
List of all variants of loan that leads to same resultloan , loans , loanable , loaned , loaning , loan shark , loan sharks , loan-sharking , loan-sharkings , loan translation , loan translations , bridge loan , bridge loans , call loan , call loans , demand loan , demand loans , savings and loan , savings and loan association , savings and loan associations , bad loan
Etymology
origin and the way in which meanings have changed throughout history.Old French 'lendre' meaning 'to lend'.
Trivia
Any details, considerations, events or pieces of information regarding the word-
Did you know that the world's oldest recorded loan dates back to 2000 BC in ancient Egypt?
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In ancient Rome, it was customary for a borrower to give the lender a loaf of bread as collateral for a loan. This practice is where the term 'bread and butter' originated, meaning the basics of living.
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The first recorded use of the word 'loan' in English was in the 1300s.
Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to-
Interest rate: The percentage of the principal amount of a loan that a borrower pays to a lender for the use of the loaned amount.
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Collateral: An asset that a borrower offers as security for a loan. If the borrower fails to repay the loan, the lender can seize the collateral.
Culture
Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.Throughout history, loans have played a significant role in various cultures and societies. In literature, loans have been a common theme in stories, such as 'The Merchant of Venice' by Shakespeare, where the concept of a loan leads to a moral dilemma. In art, there are paintings and sculptures depicting the exchange of loans. In music, there are songs about borrowing money and the struggles of repaying loans. In business, loans have been a crucial factor in economic growth and development.
How to Memorize "loan"
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visualize
- Visualize a person holding out a stack of money and saying 'I'll loan you this amount'. Imagine the feeling of receiving the money and being grateful for the opportunity to use it.
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associate
- Associate the word 'loan' with the word 'money'. When you see or hear the word 'loan', think of money being borrowed and lent.
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mnemonics
- Use the mnemonic 'Lend a Hand' to remember the meaning of 'loan'. 'Lend' sounds like 'loan', and 'a Hand' represents the money being lent.
Memorize "loan" using Dictozo
The best and recommended way to memorize loan is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:
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Highlighting:
Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
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Periodic Reminders:
Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.