Meaning of the word "take out a loan" in English
What does "take out a loan" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
take out a loan
US /teɪk aʊt ə loʊn/
UK /teɪk aʊt ə ləʊn/
Idiom
to borrow a sum of money from a bank or financial institution, usually with an agreement to pay it back with interest
Example:
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They had to take out a loan to buy their first house.
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Is it a good time to take out a loan with these interest rates?
Related Word: