loan meaning

the word 'loan' means to give money or something to someone with the expectation of getting it back.

loan :

loan, borrowing

noun

▪ I took a loan to buy a car.

▪ I borrowed money to buy a car.

▪ The bank approved my loan.

▪ The bank said yes to my borrowing.

paraphrasing

▪ credit – loan

▪ mortgage – loan for a house

loan :

to lend, to give money

verb

▪ The bank will loan me money for school.

▪ The bank will lend me money for school.

▪ Can you loan me a pen?

▪ Can you lend me a pen?

paraphrasing

▪ loan – lend

▪ advance – to give money ahead of time

Pronunciation

loan [loʊn]

The word sounds like 'lone' and has a long 'o' sound.

loan [loʊn]

The word sounds like 'lone' and has a long 'o' sound.

Common phrases and grammar about loan

loan - Common meaning

noun
loan, borrowing
verb
to lend, to give money

Part of Speech Changes for "loan"

▪ loaner (noun) – one who lends money or things

▪ loanable (adjective) – able to be lent

Common Expressions with "loan"

▪ take out a loan – to borrow money

▪ repay a loan – to give back borrowed money

▪ secure a loan – to get a loan approved

▪ loan for a car – money borrowed to buy a car

Important examples of loan in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC vocabulary questions, loan often refers to borrowing money from a bank.

▪I need a loan for my new house.
▪I need to borrow money for my new house.

Example of a confusing word: lend (to give temporarily)

▪I need a lend for my new house.
▪I need someone to lend me money for my new house.
"Loan" is a noun referring to the act of borrowing money, typically from a financial institution, and is used correctly in the sentence "I need a loan for my new house." "Lend," however, is a verb meaning "to give something temporarily," and using "a lend" is grammatically incorrect because "lend" cannot be used as a noun. The correct verb form would be "lend me money." Therefore, "loan" is the correct choice when referring to the money borrowed.

Grammar examples from the TOEIC test

In TOEIC grammar questions, loan is used as a noun and a verb, and questions often focus on its meaning in context.

▪The bank loans money to people.
▪The bank gives money to people.

loan

Idioms and fixed expressions in TOEIC

loan application

'request for money', used when asking for a loan.

▪I submitted my loan application yesterday.
▪I asked for money yesterday.

loan shark

means 'a person who lends money at very high interest rates'.

▪The loan shark charged too much interest.
▪The money lender asked for too much extra money.

Differences between similar words and loan

loan

,

borrow

differences

Loan means to give money, while borrow means to take money from someone.

loan
▪I took a loan from the bank.
▪I borrowed money from the bank.
borrow
▪I will repay the loan next month.
▪I will give back the money next month.

loan

,

advance

differences

Loan means to give money temporarily, while advance often means to give money ahead of time for work done.

loan
▪The bank will loan me money for school.
▪The company gave me my salary early.
advance
▪The company advanced my salary.
▪The company gave me my salary early.

Words with the same origin as loan

The origin of loan

Loan comes from the Old English word 'lān', meaning 'to lend or grant'. It has been used for borrowing since ancient times.

Word structure

The composition of the word is unclear.

Words with the same origin

The word's root is unclear or difficult to confirm.

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