Loan vs Hire - What's the difference?
loan | hire |
(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 The contract and array of legal or ethical obligations surrounding a loan.
The permission to borrow any item.
To lend (something) to (someone).
* 2006: — (unidentified episode, but frequently heard from her as a verb)
Payment for the temporary use of something.
(obsolete) Reward, payment.
* Bible, Luke x. 7
* 1590 , Edmund Spenser, The Faerie Queene , II.viii:
The state of being hired, or having a job; employment.
A person who has been hired, especially in a cohort.
(label) To obtain the services of in return for fixed payment.
* , chapter=16
, title= (label) To employ; to obtain the services of (a person) in exchange for remuneration; to give someone a job.
*
, title=(The Celebrity), chapter=10
, passage=The skipper Mr. Cooke had hired at Far Harbor was a God-fearing man with a luke warm interest in his new billet and employer, and had only been prevailed upon to take charge of the yacht after the offer of an emolument equal to half a year's sea pay of an ensign in the navy.}}
(label) To exchange the services of for remuneration.
(label) To accomplish by paying for services.
(label) To accept employment.
As nouns the difference between loan and hire
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 hire is payment for the temporary use of something.As verbs the difference between loan and hire
is that loan is to lend (something) to (someone) while hire is to obtain the services of in return for fixed payment.loan
English
Etymology 1
From (etyl) lone, lane, from (etyl) . More at (l).Noun
(en noun)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.}}
Hypernyms
* (something that a legal entity borrows) bailmentHyponyms
* (something that a legal entity borrows) mutuumDerived terms
* bridge loan * caveat loan * loan shark * low-doc loan * swing loanVerb
(en 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.Anagrams
* ----hire
English
Noun
(en noun)- The sign offered pedalos on hire .
- The labourer is worthy of his hire .
- I will him reaue of armes, the victors hire , / And of that shield, more worthy of good knight; / For why should a dead dog be deckt in armour bright?
- ''When my grandfather retired, he had over twenty mechanics in his hire .
- We pair up each of our new hires''' with one of our original '''hires .
Synonyms
* (state of being hired) employment, employVerb
(hir)The Mirror and the Lamp, passage=“[…] She takes the whole thing with desperate seriousness. But the others are all easy and jovial—thinking about the good fare that is soon to be eaten, about the hired fly, about anything.”}}