Loan, n. [OE. lone, lane, AS. lān, læn, fr. león to lend; akin to D. leen loan, fief, G. lehen fief, Icel. lān, G. leihen to lend, OHG. līhan, Icel. ljī, Goth. leihwan, L. linquere to leave, Gr. λείπειν, Skr. ric. √119. Cf. Delinquent, Eclipse, Eleven, Ellipse, Lend, License, Relic.] 1. The act of lending; a lending; permission to use; as, the loan of a book, money, services.
2. That which one lends or borrows, esp. a sum of money lent at interest; as, he repaid the loan.
Loan office. (a) An office at which loans are negotiated, or at which the accounts of loans are kept, and the interest paid to the lender. (b) A pawnbroker's shop.