Lend definition

What is Lend?

To lend is the act of giving an asset to a third party, under the expectation that the asset will be returned at a later date. In business, the concept most commonly applies to the transfer of funds to a borrower, under an agreement that the borrower will pay interest for the use of the funds. It can also refer to the act of lending one’s services to another party, perhaps in a volunteer capacity, where there is no expectation of a return.

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