Loan vs Contract - What's the difference?
loan | contract |
(banking, finance) A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
*
, title=The Mirror and the Lamp
, chapter=2 The contract and array of legal or ethical obligations surrounding a loan.
The permission to borrow any item.
To lend (something) to (someone).
* 2006: — (unidentified episode, but frequently heard from her as a verb)
An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.
* {{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist), author=Lexington
, title= (legal) An agreement which the law will enforce in some way. A legally binding contract must contain at least one promise, i.e., a commitment or offer, by an offeror to and accepted by an offeree to do something in the future. A contract is thus executory rather than executed.
(legal) A part of legal studies dealing with laws and jurisdiction related to contracts.
(informal) An order, usually given to a hired assassin, to kill someone.
(bridge) The declarer's undertaking to win the number of tricks bid with a stated suit as trump.
(obsolete) Contracted; affianced; betrothed.
(obsolete) Not abstract; concrete.
* Robert Recorde, , 1557:
(ambitransitive) To draw together or nearer; to shorten, narrow, or lessen.
* Wordsworth
* Dr. H. More
(grammar) To shorten by omitting a letter or letters or by reducing two or more vowels or syllables to one.
To enter into a contract with. (rfex)
To enter into, with mutual obligations; to make a bargain or covenant for.
* Hakluyt
* Strype
To make an agreement or contract; to covenant; to agree; to bargain.
To bring on; to incur; to acquire.
* Alexander Pope
* Jonathan Swift
To gain or acquire (an illness).
* 1999 , Davidson C. Umeh, Protect Your Life: A Health Handbook for Law Enforcement Professionals (page 69)
To draw together so as to wrinkle; to knit.
* Shakespeare
To betroth; to affiance.
* Shakespeare
As nouns the difference between loan and contract
is that loan is (banking|finance) a sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest) or loan can be (scotland) a lonnen while contract is an agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.As verbs the difference between loan and contract
is that loan is to lend (something) to (someone) while contract is (ambitransitive) to draw together or nearer; to shorten, narrow, or lessen.As an adjective contract is
(obsolete) contracted; affianced; betrothed.loan
English
Etymology 1
From (etyl) lone, lane, from (etyl) . More at (l).Noun
(en noun)citation, passage=That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans . Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.}}
Hypernyms
* (something that a legal entity borrows) bailmentHyponyms
* (something that a legal entity borrows) mutuumDerived terms
* bridge loan * caveat loan * loan shark * low-doc loan * swing loanVerb
(en verb)- When you loan somebody something, they have the responsibility to safeguard it.
Usage notes
* This usage, once widespread in the UK, is now confined to the US (or perhaps parts thereof). * It is often considered preferable to use lend when the object being loaned or lent is something other than money.Etymology 2
See lawn.Anagrams
* ----contract
English
(wikipedia contract)Etymology 1
From (etyl), from (etyl) contract, from (etyl) contractum, past participle of .Noun
(en noun)Keeping the mighty honest, passage=British journalists shun complete respectability, feeling a duty to be ready to savage the mighty, or rummage through their bins. Elsewhere in Europe, government contracts and subsidies ensure that press barons will only defy the mighty so far.}}
Hypernyms
* (agreement that is legally binding) agreementHyponyms
* (agreement that is legally binding) bailmentDerived terms
* contractual * fixed-term contract * contract of employmentAdjective
(-)- (Shakespeare)
- But now in eche kinde of these, there are certaine nombers named Ab?tracte'': and other called nombers ''Contracte .
Etymology 2
From (etyl), from (etyl) contracter, from (etyl) contractum, past participle of . the verb developed after the noun, and originally meant only "draw together"; the sense "make a contract with" developed later.Verb
(en verb)- The snail's body contracted into its shell.
- to contract one's sphere of action
- Years contracting to a moment.
- In all things desuetude doth contract and narrow our faculties.
- The word "cannot" is often contracted into "can't".
- We have contracted an inviolable amity, peace, and league with the aforesaid queen.
- Many persons prohibited by law.
- to contract for carrying the mail
- She contracted the habit of smoking in her teens.
- to contract a debt
- Each from each contract new strength and light.
- Such behaviour we contract by having much conversed with persons of high stature.
- An officer contracted hepatitis B and died after handling the blood-soaked clothing of a homicide victim
- Thou didst contract and purse thy brow.
- The truth is, she and I, long since contracted , / Are now so sure, that nothing can dissolve us.