loan
Meaning
A loan is a sum of money that is borrowed and expected to be paid back with interest over a specified period.
💡 Be careful not to confuse "loan" with "lend," as "loan" is a noun while "lend" is a verb.
Example Sentences
Word in Context
Emma
saved
money
for
months
because
she
wanted
to
open
a
small
caf
é
near
her
home
.
When
the
savings
were
still
not
enough
,
she
decided
to
apply
for
a
loan
from
the
local
bank
and
prepared
a
simple
business
plan
.
The
bank
officer
asked
questions
about
her
experience
and
the
expected
costs
,
so
she
explained
how
she
would
manage
supply
and
staff
.
If
the
loan
is
approved
,
she
will
sign
the
contract
and
start
renovating
the
space
next
month
.
Common Phrases
personal loan
student loan
mortgage loan
Related Words
Never forget "loan"
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