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 over a period of time. Once that period has ended, you must return the borrowed item.
Latin is the source of origin to find the etymological origin of the term that concerns us now. Specifically, we can emphasize that it emanates 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 "to stand still", and finally the suffix – arium which can be translated as “belonging”.
Loan house and banks
The existence of what is known as a loan house must be made clear. This is a space where people who urgently need cash come with the clear objective of being lent the amount they require with the consideration of pledging all types of valuable objects they possess such as jewelry, real estate or clothes.
On a financial level, the loan or credit is money that is requested from a bank or similar entity . When it comes to repaying the loan, you generally have 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 rate of 10% interest, they must return, after twelve months, 1,100 dollars.
It should be noted that banks are in a position to reject or deny loan requests made by their clients. These institutions, before granting the loan, request various guarantees to ensure that you will be able to collect the money once the loan term has ended. They are also responsible for studying the applicant's financial history to check if they have unpaid debts or other financial problems.
Banks usually offer loans to their customers, charging them interest.
The notion in libraries and sports
In the same way, we find other types of loans. Specifically, there is the loan service that is developed in the various municipal and regional libraries of cities, for example, in Spain . In this case, thanks to it, all those neighbors who have their own card 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 will return to said spaces.
Also in the case of sport, borrowing occurs. Specifically, this takes place when the president of a specific football club who has all the rights of a player allows said figure to play for another team for a certain period of time. This is also known as assignment.
Linguistic loan
Finally, a linguistic loan is an element that one language takes from another. They can be words or morphemes that are adapted with few modifications or even without changes. This type of borrowing is possible when a language has a broad cultural influence in areas where other languages are spoken.
We can distinguish between lexical loans (when the borrowed item is a lexical word, such as a noun, a verb or an adjective) and grammatical loans (in cases where many bilingual speakers combine morphemes and non-lexical items from the two languages).