Loan vs. Overdraft

Loannoun

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).

Loannoun

The contract and array of legal or ethical obligations surrounding a loan.

Loannoun

The permission to borrow any item.

Loannoun

(Scotland) A lonnen.

Loanverb

To lend (something) to (someone).

Loannoun

A loanin.

Loannoun

The act of lending; a lending; permission to use; as, the loan of a book, money, services.

Loannoun

That which one lends or borrows, especially a sum of money lent at interest; as, he repaid the loan.

Loanverb

To lend; - sometimes with out.

Loannoun

the temporary provision of money (usually at interest)

Loannoun

a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English

Loanverb

give temporarily; let have for a limited time;

Loan

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

Overdraftnoun

(uncountable) The act of overdrawing a bank account.

Overdraftnoun

(countable) The amount overdrawn.

Overdraftnoun

(countable) The maximum amount that may be overdrawn.

Overdraftnoun

The extraction of groundwater from an aquifer beyond the safe yield or equilibrium yield.

Overdraftnoun

A series of flues in a furnace; the current of air forced through them.

Overdraftverb

(transitive) To extract groundwater from (an aquifer) beyond the safe yield or equilibrium yield.

Overdraftnoun

The act of overdrawing; a draft in excess of the credit balance; also, the amount or sum overdrawn.

Overdraftnoun

a draft in excess of the credit balance

Overdraft

An overdraft occurs when money is withdrawn in excess of what is on the current account. In this situation the account is said to be .