VS.

Secondment vs. Loan

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Secondmentnoun

the process or state of being seconded, the temporary transfer of a person from their normal duty to another assignment.

Loannoun

A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).

‘He got a loan of five thousand pounds.’; ‘All loans from the library, whether books or audio material, must be returned within two weeks.’;

Secondmentnoun

a speech seconding a motion;

‘do I hear a second?’;

Loannoun

The contract and array of legal or ethical obligations surrounding a loan.

‘He made a payment on his loan.’;

Secondmentnoun

the detachment of a person from their regular organization for temporary assignment elsewhere

Loannoun

The permission to borrow any item.

‘Thank you for the loan of your lawn mower.’;

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Secondmentnoun

the temporary transfer of an official or worker to another position or employment

‘he spent two years on secondment to the Department of Industry’;

Loannoun

(Scotland) A lonnen.

Secondment

Secondment is the assignment of a member of one organisation to another organisation for a temporary period.

Loanverb

To lend (something) to (someone).

Loannoun

A loanin.

Loannoun

The act of lending; a lending; permission to use; as, the loan of a book, money, services.

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Loannoun

That which one lends or borrows, especially a sum of money lent at interest; as, he repaid the loan.

Loanverb

To lend; - sometimes with out.

‘By way of location or loaning them out.’;

Loannoun

the temporary provision of money (usually at interest)

Loannoun

a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English

Loanverb

give temporarily; let have for a limited time;

‘I will lend you my car’; ‘loan me some money’;

Loan

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

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