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[Latin, loan, from neuter of commodatus, past participle of commodare to lend, bestow]
: a gratuitous loan of movable property to be used and returned by the borrower
: loan for use at loan compare deposit gratuitous bailment at bailment loan for consumption at loan
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.