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LOAN (adapted from the Scandinavian form of a word common to Teutonic languages, cf. Swed. Ian, Icel. Ian, Dut. leen; the O.E. lain appears in " lend," the ultimate source is seen in the root of Gr. Xetireif and Lat. linquere, to leave), that which is lent; a sum of money or something of value lent for a specific or indefinite period when it or its equivalent is to be repaid or returned, usually at a specified rate of interest (see USURY and MONEY- LENDING). For public loans see FINANCE, NATIONAL DEBT, and the various sections on finance under the names of the various countries.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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