loan formation
The term "loan formation" can refer to both a linguistic process and a financial procedure, each involving adaptation and creation within their respective fields.
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Definition
C1Linguistics
(technical, academic)The process by which a word or phrase from one language is borrowed and adapted into another language, often with changes to fit the new language's rules.
Example
- The English word 'ballet' is a loan formation from the French word 'ballet'.
- Loan formation often results in words that sound natural in the borrowing language.
B2Finance
(technical, business)The process of creating a loan agreement, including evaluating the borrower's creditworthiness, setting loan terms, and formalizing the contract.
Example
- Loan formation involves several steps, including credit checks and term negotiations.
- Banks have streamlined the loan formation process to make it quicker for applicants.
Similar
Terms that have similar or relatively close meanings to "loan formation":