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Topic: LOANS

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amortize APR borrowing powers collateral compound interest creditor credit rating creditworthy debenture debit note finance(n) finance(v) finance company foreclose hire purchase interest interest-free interest rate letter of credit liquidate liquidation liquidator loan moneylender money market moratorium mortgage(n) mortgage(v) official receiver owing payable prime rate promissory note redeem remission remit remortgage repay repayable repayment repossess reschedule secure security sequester sequestrate settlement simple interest surety undischarged usurer usurious usury venture capital

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Date: 1100-1200
Language: Old Norse
Origin: lan

loan

1 noun
     
loan1 S2 W2
1 [countable] an amount of money that you borrow from a bank etcCOLLOCATIONS COLLOCATIONS
take out a loan (=borrow money) repay/pay off/pay back a loan (=give back money you have borrowed) make a loan American English (=give someone a loan) bank loan (=money lent by a bank) car/home loan (=a loan to buy a car etc) personal loan (=money lent to an individual) business loan (=money lent to a business) student loan (=money lent to students to pay for university) interest-free loan (=a loan on which you only repay the amount you borrowed) loan repayment
loan of
a loan of £60,000
I had to take out a loan to buy my car.
It'll be years before we've paid off the loan.
The organization was allowed to make loans to private businesses.
I'll get a bank loan if necessary.
The average home loan is now almost triple what it was at the beginning of the Eighties.
An interest-free loan fund is available for students who find themselves in unforeseen financial difficulty.
They were unable to keep up with their loan repayments.
2 [singular] when you lend something to someone
loan of
Thanks for the loan of your camera.
3

on loan (from somebody/something)

if something or someone is on loan, they have been borrowed:
The book I wanted was out on loan.
paintings on loan from the Louvre
Cantona initially went on loan to Leeds United.


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amortize