an amount of money that is given to someone for a period of time with a promise that it will be paid back : an amount of money that is borrowedHe took out a loan (from the bank) to pay for the car.

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1. an amount of money that is given to someone for a period of time with a promise that it will be paid back : an amount of money that is borrowed
He took out a loan (from the bank) to pay for the car.