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Anonymous Posted 17 years ago
Grammar

Lent/loan

Which is correct?

I lent him the money to buy a bike.

I loaned him the money to buy a bike.
  

Top answer

Some grammarians don't like 'loan' used as a verb, but both are in fact in use.

— Mister Micawber

  • Some grammarians don't like 'loan' used as a verb, but both are in fact in use.
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5 Answers
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Some grammarians don't like 'loan' used as a verb, but both are in fact in use.
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If it's for a formal document, which would you advise using?
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I can't see a formal document for lending money to buy a bike, but an IOU would require phrasing like 'for the consideration of which', blah, blah, blah, don't you think?
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If the "bike" threw you, how about "house", "yacht", "stately manor", etc? Or are you saying that one would not need to use either "loaned" or "lent" in a formal document?
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I suspect without research that some more legal terminology would appear in a formal document regarding the transfer of funds and the responsibility for repayment of same.
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