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TeachMeFinance.com - explain loan Loan --money borrowed that is usually repaid with interest. another definition... Loan -- Money borrowed from a lending institution or a government agency, usually repaid with interest. another definition... loan -- a sum of money transferred to another for temporary use, to be repaid with or without interest according to terms of the loan agreement written in the accompanying bond, note, mortgage or other document of indebtedness. Loan is the noun. Lend (past tense lent) is the verb. historic definition... Loan -- Money lent the borrower of which pays interest on it while he has the use of it. See Call loan ; also see Time loan ; also see Collateral loan. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.