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What does 'loan' mean?



 
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What does 'loan' mean? #1 (permalink) Thu Jan 18, 2007 11:11 am   What does 'loan' mean?
 

Business English Lesson, Advanced Level

ESL/EFL Test #21 "Money Matters (4)", question 5

When you take out a loan, you have to pay interest on the amount you ..........

(a) own
(b) lend
(c) owe
(d) take

Business English Lesson, Advanced Level

ESL/EFL Test #21 "Money Matters (4)", answer 5

When you take out a loan, you have to pay interest on the amount you owe.

Correct answer: (c) owe
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what does loan mean?

Silvia
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What does 'loan' mean? #2 (permalink) Thu Jan 18, 2007 11:21 am   What does 'loan' mean?
 

.
Loan = A sum of money lent at interest.
.
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What does 'loan' mean? #3 (permalink) Fri Jan 19, 2007 11:18 am   What does 'loan' mean?
 

Why is "take" wrong here?

Quote:
When you take out a loan, you have to pay interest on the amount you take.

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What does 'loan' mean? #4 (permalink) Fri Jan 19, 2007 11:30 am   What does 'loan' mean?
 

Hi Tom,

I would say using 'take' in that sentence would suggest that you help yourself to the money.

A
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