Loan

A loan is when someone gives you money that you have to pay back. For example, if you want to buy a car but don't have enough money, you might ask a bank to lend you some money. The bank will then give you the money, and you'll have to agree to pay it back with interest, which is a little extra money added on top of the money you borrowed. You will also have to make regular payments each month until the loan is paid off.