A loan is something that is given to an individual, who must repay it in the future according to certain conditions.
Loan is the action and effect of lending , a verb that refers to giving something to another person, who must return it in the future. The lender grants something so that the person receiving the loan can use it within a period of time. Once this period has ended, the borrowed item must be returned.
Latin is the original source for finding the etymological origin of the term we are now dealing with. Specifically, we can underline that it comes from the word praestarium , which is the result of the union of three clearly differentiated parts: the prefix prae which can be defined as “in front”, the verb stare which is synonymous with “standing”, and finally the suffix – arium which can be translated as “belonging”.
Loan and bank house
It is important to note the existence of what is known as a loan house . This is a place where people who urgently need cash go with the clear objective of receiving the amount they need in exchange for giving all kinds of valuable objects they own as collateral , such as jewelry, real estate or clothing.
In financial terms, a loan or credit is money that is requested from a bank or similar entity . When it comes to repaying the loan, it is generally necessary to do so by paying interest. That is to say: if a person requests a loan of 1,000 dollars from a bank and agrees to repay the amount within a year with a 10% interest rate , he or she must return, after twelve months, 1,100 dollars.
It is worth noting that banks are in a position to reject or deny loan requests from their clients. Before granting credit, these institutions request various guarantees to ensure that the applicant will be able to collect the money once the loan term has ended. They also study the applicant's financial history to check whether he or she has unpaid debts or other financial problems.
Banks often offer loans to their customers, charging them interest.
The notion in libraries and sport
Similarly, we find another type of loans. Specifically, there is the loan service that is developed in the various municipal and autonomous libraries of the cities, for example, in Spain . In this case, thanks to it, all those residents who have the card of those have the possibility of taking home some of the books or publications that exist in these cultural centers to be able to enjoy them for a period of approximately one month and then return them to said spaces.
Loans also occur in sports. This occurs when the president of a specific football club, who has all the rights to a player, allows that player to play for another team for a certain period of time. This is also known as a transfer.
Linguistic loan
Finally, a loanword is an element that one language takes from another. These can be words or morphemes that are adapted with few or no modifications. This type of loanword is possible when a language has a broad cultural influence in areas where other languages are spoken.
We can distinguish between lexical borrowings (when the borrowed item is a lexical word, such as a noun, a verb or an adjective) and grammatical borrowings (in cases where many bilingual speakers combine morphemes and non-lexical items from both languages).