Loan

Loan (adapted from the Scandinavian form of a word common to Teutonic languages, cf. Swed. lån, Icel. lán, Dut. leen; the O.E. laén appears in “lend,” the ultimate source is seen in the root of Gr. λείπειν and Lat. linquere, to leave), that which is lent; a sum of money or something of value lent for a specific or indefinite period when it or its equivalent is to be repaid or returned, usually at a specified rate of interest (see Usury and Money-Lending). For public loans see Finance, National Debt, and the various sections on finance under the names of the various countries.