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Lien vs Loan - What's the difference?

lien | loan |

As verbs the difference between lien and loan

is that lien is while loan is to lend (something) to (someone).

As a noun 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.

lien

English

Noun

(en noun)
  • (obsolete) A tendon.
  • (legal) A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty.
  • * 2002 , , The Great Nation , Penguin 2003, p. 7:
  • Bodin deemed the king of France's power as absolute in the sense that the ruler was ‘absolved’ by divine sanction from legally binding liens and restrictions.

    Derived terms

    * lienholder

    Verb

    (head)
  • (Bible, archaic)
  • If no man have lien with thee, and if thou hast not gone aside to uncleanness, being under thy husband, be thou free from this water of bitterness that causeth the curse...

    Anagrams

    * ----

    loan

    English

    Etymology 1

    From (etyl) lone, lane, from (etyl) . More at (l).

    Noun

    (en noun)
  • (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 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.}}
  • The contract and array of legal or ethical obligations surrounding a loan.
  • The permission to borrow any item.
  • Hypernyms
    * (something that a legal entity borrows) bailment
    Hyponyms
    * (something that a legal entity borrows) mutuum
    Derived terms
    * bridge loan * caveat loan * loan shark * low-doc loan * swing loan

    Verb

    (en verb)
  • To lend (something) to (someone).
  • * 2006: — (unidentified episode, but frequently heard from her as a 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.

    Noun

    (en noun)
  • (Scotland) A lonnen.
  • (Webster 1913)

    Anagrams

    * ----