CEFR B1

loan

noun

Meaning

An amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing.

Examples

  • She took out a student loan to pay for her university tuition.
  • The company is seeking a loan to expand its operations.

Synonyms: advance, credit, financing, funding