Payday Definition–noun | 1. | the day on which wages are given, payment is made, etc. |
| 2. | Informal. a day or period during which a great deal of money, success, fame, etc., is won or obtained: Payday came when she was given a screen test by a big Hollywood studio. |
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From Dictionary Loan Definition–noun | 1. | the act of lending; a grant of the temporary use of something: the loan of a book. |
| 2. | something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest. |
–verb (used with object) | 4. | to make a loan of; lend: Will you loan me your umbrella? |
| 5. | to lend (money) at interest. |
–verb (used without object) | 6. | to make a loan or loans; lend. |
—Idiom| 7. | on loan, | a. | borrowed for temporary use: How many books can I have on loan from the library at one time? |
| b. | temporarily provided or released by one's regular employer, superior, or owner for use by another: Our best actor is on loan to another movie studio for two films. |
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From Dictionary |
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