Are to lend and to loan interchangeable?
"Dress Right loaned another corporation $30,000 at the beginning of August, evidenced by a note receivable."
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Answers · 8
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"Lend" is a verb. In proper English, "loan" is a noun, although nowadays, many native speakers are using it as a verb as well. The difference is that they are different parts of speech, but the meaning is the same.
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Yes, "to lend something" and "to loan something" are virtually interchangeable. Typically, if someone is given money temporarily from a bank, it would be called "a loan."
Such in: "I was given a large loan from the bank."
But you could also say: "I need the bank to lend me some money."
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Here is a detailed explanation:
http://www.quickanddirtytips.com/education/grammar/loan-versus-lend
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