Definition

A person or entity that receives a loan, typically money, from a lender and is expected to pay it back under agreed terms.

Example

The bank approved the application of the loanee for a new car loan.

Conversation

Did you hear about the new loanee on our team?

Yeah, I heard he's really talented and can score goals easily.

I hope he fits in well with the rest of the players.

Me too! A good loanee can really change the dynamics of the team.

Synonyms & Antonyms

Root Explanation

Loanee → It is formed from "loan" (from Old English *lǣne*, meaning something lent) and "-ee" (a suffix used to indicate a person who is the recipient of an action). The word "loanee" refers to a person who receives a loan.

Memory Tip

Think of someone who is the recipient of a 'loan' — the '-ee' suffix indicates that this person is involved in the action of receiving.

Visually Confused Words