Lend vs Loan
Difference, Examples & Quiz
What's the difference? Which one is correct?
Definition: To give something to someone for a temporary period, expecting it to be returned
Usage: Lend is commonly used when someone borrows money or an item from another person
- 1. I will lend you $20 until your next payday.
- 2. Can you lend me your car for the weekend?
- 3. She always lends her books to her friends.
Definition: To give something to someone for a temporary period, expecting it to be returned
Usage: Loan is commonly used when someone borrows money or an item from an institution or organization
- 1. He applied for a loan to buy a new house.
- 2. The bank approved her loan for the car purchase.
- 3. They offer low-interest loans for small businesses.
Lend and loan are often used interchangeably, but there is a subtle difference between the two. 'Lend' is used when someone gives something to someone else with the expectation that it will be returned, while 'loan' refers to the act of giving money to someone with the expectation of repayment, usually with interest.
Lend vs Loan: 5 Quizzes
1. What is the meaning of 'Lend'?
2. What is the meaning of 'Loan'?
3. Which word means 'To give something to someone for a temporary period'?
4. Which word means 'To borrow something from someone'?
5. What is the correct usage of the word 'Lend'?
FAQs
What is Lend?
Lend is the act of temporarily giving someone money or an item with the expectation that it will be returned.
What is Loan?
Loan is the act of lending money, typically with interest, for a specific period of time.
How does Lend work?
Lend works by providing someone with money or an item for a temporary period, with the expectation of its return.
How does Loan work?
Loan works by lending money to someone, usually with interest, and setting specific terms for repayment.
What are the benefits of Lend?
The benefits of Lend include helping others in need, fostering trust and goodwill, and potentially earning interest or favors in return.