Préstamo (en. Loan)

/ˈpɾestamo/

Meaning & Definition

EnglishSpanish
noun
Amount of money or goods lent to a person with the condition of being returned.
She applied for a loan to buy a house.
Ella solicitó un préstamo para comprar una casa.
The action of lending something for a specified time.
The lending of books takes place in the library.
El préstamo de libros se realiza en la biblioteca.

Etymology

From the verb 'to lend', which comes from the Latin 'praestāre'.

Common Phrases and Expressions

personal loan
A loan granted to an individual for personal use.
préstamo personal
mortgage loan
A loan used for purchasing a home, secured by the property.
préstamo hipotecario
loan agreement
Legal document that establishes the terms of the loan between the parties.
contrato de préstamo

Related Words

to lend
To give something to someone with the hope that they will return it.
prestar
debt
Obligation to pay a sum of money to someone.
deuda
interest
Percentage charged on the lent capital.
interés

Slang Meanings

Borrowed money
I don't have money to go out, can you lend me some, bro?
No tengo dinero para salir, ¿me haces un préstamo, bro?
Credit money
They gave me credit money for the car, but I have to pay it back soon.
Me dieron la pasta a crédito para el coche, pero tengo que pagarlo pronto.