The loan
Example: Loan provides borrowed money that must be repaid with interest
Definition
"The loan" is a sum of money that is borrowed, typically from a financial institution, which must be repaid over time with interest. It is commonly used in finance to provide individuals or businesses with funds for various purposes, such as buying property or expanding operations.
Etymology
The term "the loan" derives from the Old English word 'lān,' meaning 'something lent.' It has Germanic roots and has been used for centuries in financial contexts to describe the act of lending money with the expectation of repayment. Did you know? The concept of loans dates back to ancient civilizations, where lending was often formalized with interest agreements.
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"The loan" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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