loan UK /ləʊn/US /loʊn/noun 5verb 1forms 5 noun5 •money or a thing that someone borrows and must give or pay back laterAll loans from the library, whether books or audio material, must be returned within two weeks.He got a loan of five thousand pounds. •The contract and array of legal or ethical obligations surrounding a loan.He made a payment on his loan. •An act or instance of lending, an act or instance of granting something for temporary use.Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester. •The permission to borrow any item.Thank you for the loan of your lawn mower. •(Scotland, Northern-England) An area of uncultivated ground near a village or farmhouse.[...] The herds upon the loan, As if a sheep had fled, wi' speed, At Grumphy tykes hound on Wi' loud huzza! — 1800 verb1 •To lend (something) to (someone).All the rest—six out of eleven, more than half—were loaned to him. — 1992 formsloaned · loaning · loaneth · loans · loanest