Préstamo (en. Loan)

/ˈpɾestamo/

Meaning & Definition

EnglishSpanish

noun

Amount of money received temporarily with the obligation to return it later.

The bank granted me a loan to buy a house.

El banco me concedió un préstamo para comprar una casa.

Action of lending something, or the result of this.

The loan of books at the library is free.

El préstamo de libros en la biblioteca es gratuito.

Operation that involves the delivery of money or goods with the expectation of their return.

The loan I requested has a low interest rate.

El préstamo que solicité tiene un interés bajo.

From Latin 'praestāmĭu', which means 'what is given as a guarantee or what is offered'.

short-term loan

Loan that must be repaid in a short period.

préstamo a corto plazo

personal loan

Money lent to a person, usually without the need for a specific guarantee.

préstamo personal

mortgage loan

Loan intended for the purchase of a property, guaranteed by the property itself.

préstamo hipotecario

loan between individuals

Loan agreement made between individuals without the mediation of a financial entity.

préstamo entre particulares

lender

Person or entity that grants a loan.

prestamista

debt

Amount of money owed to another person or entity.

deuda

interest

Cost paid for the use of borrowed money.

interés

Informal loan between friends.

I lent my friend some money, but it was really just a 'favor'.

Le hice un préstamo a mi amigo, pero en realidad era un 'favorcito'.

Debt that has been forgotten or is not claimed.

I no longer count that loan, it got lost over time.

Ese préstamo ya no lo cuento, se perdió en el tiempo.