What's the difference between
and
Enter two words to compare and contrast their definitions, origins, and synonyms to better understand how those words are related.

Loan vs Facility - What's the difference?

loan | facility |

As nouns the difference between loan and facility

is that loan is 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) while facility is the fact of being easy, or easily done; absence of difficulty, simplicity.

As a verb loan

is to lend (something) to (someone).

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

    * ----

    facility

    English

    Noun

    (facilities)
  • The fact of being easy, or easily done; absence of difficulty, simplicity.
  • *, II.12:
    • Clytomachus'' affirmed, that he could never understand by the writings of ''Carneades'', what opinion he was of. Why hath ''Epicurus interdicted facility unto his Sectaries?
  • Dexterity of speech or action; skill, talent.
    • The facility she shows in playing the violin is unrivalled.
  • The physical means or contrivances to make something (especially a public service) possible; the required equipment, infrastructure, location etc.
    • Transport facilities in Bangkok are not sufficient to prevent frequent traffic collapses during rush hour.
  • * {{quote-book, year=2006, author=(Edwin Black)
    • , chapter=1, title= Internal Combustion , passage=As though on an incendiary rampage, the fires systematically devoured the contents of Edison's headquarters and facilities .}}
  • (North America, in the plural) A toilet.

    • Derived terms

    * correctional facility