Loan

Loan
   The Mosaic law required that when an Israelite needed to borrow, what he asked was to be freely lent to him, and no interest was to be charged, although interest might be taken of a foreigner (Ex. 22:25; Deut. 23:19, 20; Lev. 25:35-38). At the end of seven years all debts were remitted. Of a foreigner the loan might, however, be exacted. At a later period of the Hebrew commonwealth, when commerce increased, the practice of exacting usury or interest on loans, and of suretiship in the commercial sense, grew up. Yet the exaction of it from a Hebrew was regarded as discreditable (Ps. 15:5; Prov. 6:1, 4; 11:15; 17:18; 20:16; 27:13; Jer. 15:10).
   Limitations are prescribed by the law to the taking of a pledge from the borrower. The outer garment in which a man slept at night, if taken in pledge, was to be returned before sunset (Ex. 22:26, 27; Deut. 24:12, 13). A widow's garment (Deut. 24:17) and a millstone (6) could not be taken. A creditor could not enter the house to reclaim a pledge, but must remain outside till the borrower brought it (10, 11). The Hebrew debtor could not be retained in bondage longer than the seventh year, or at farthest the year of jubilee (Ex. 21:2; Lev. 25:39, 42), but foreign sojourners were to be "bondmen for ever" (Lev. 25:44-54).

Easton's Bible Dictionary. . 1897.

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  • LOAN — (Heb. הַלְוָאָה, halva ah), a transaction in which a thing, usually money, is given by one person, called the malveh ( lender ), to another, called the loveh ( borrower ), for the latter s use and enjoyment, and in order that such thing or its… …   Encyclopedia of Judaism

  • loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu …   Law dictionary

  • loan — verb. In 19c British English, loan was a standard alternative for lend, but by the time Fowler wrote (1926) loan had been largely driven out by lend, although it has continued in use in AmE. In current use loan is mostly confined to non British… …   Modern English usage

  • Loan — Loan, n. [OE. lone, lane, AS. l[=a]n, l[ae]n, fr. le[ o]n to lend; akin to D. leen loan, fief, G. lehen fief, Icel. l[=a]n, G. leihen to lend, OHG. l[=i]han, Icel. lj[=i], Goth. leihwan, L. linquere to leave, Gr. lei pein, Skr. ric. [root]119. Cf …   The Collaborative International Dictionary of English

  • loan — (n.) mid 13c., from O.N. lan, related to lja to lend, from P.Gmc. *laikhwniz (Cf. O.Fris. len thing lent, M.Du. lene, Du. leen loan, fief, O.H.G. lehan, Ger. Lehn fief, feudal tenure ), originally to let have, to leave (to someone), from PIE *lei …   Etymology dictionary

  • LOAN — oder Loan bezeichnet: LOAN, ICAO Code des Flugplatz Wiener Neustadt/Ost Benjamin F. Loan (1819–1881), US amerikanischer Politiker Diese Seite ist eine Begriffsklärung zur Unterscheidung mehrerer mit demselben Wor …   Deutsch Wikipedia

  • loan — loan·able; loan; loan·er; loan·ing; …   English syllables

  • loan — ► NOUN 1) a thing that is borrowed, especially a sum of money that is expected to be paid back with interest. 2) the action of lending. ► VERB ▪ give as a loan. ● on loan Cf. ↑on loan DERIVATIVES …   English terms dictionary

  • loan — [lōn] n. [ME lone < ON lān (akin to OE læn, lending, loan, lænan, to lend) < IE base * leikw , to leave behind > L linquere, Gr leipen, Sans riṅákti, (he) leaves] 1. the act of lending, esp. to use for a short time [the loan of a pen] 2 …   English World dictionary

  • Loan — Loan, v. t. [imp. & p. p. {Loaned}; p. pr. & vb. n. {Loaning}.] To lend; sometimes with out. Kent. [1913 Webster] By way of location or loaning them out. J. Langley (1644). [1913 Webster] …   The Collaborative International Dictionary of English

  • Loan — (l[=o]n), n. [See {Lawn}.] A loanin. [Scot.] [1913 Webster] …   The Collaborative International Dictionary of English

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