Loan vs Installment - What's the difference?
loan | installment |
(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)
The act of installing; installation.
(obsolete) The seat in which one is placed.
A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, e.g. mensual) being often definitely stipulated.
a part of a broadcast or published serial.
anything that is performed in parts, spread in time
As nouns the difference between loan and installment
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 installment is the act of installing; installation.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)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
* ----installment
English
Alternative forms
* instalment (Commonwealth)Etymology 1
From install, itself from (etyl) installer, from installare, from (etyl) in- + ML stallum 'stall' (from Germanic stal, see below)Noun
(en noun)- Take oaths from all kings and magistrates at their installment , to do impartial justice by law. Milton.
- The several chairs of order, look, you scour; . . . Each fair installment , coat, and several crest With loyal blazon, evermore be blest. Shakespeare.