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Loan can be a Noun or a Verb. A loan is an object or amount of money given to someone in trust that it will be returned to them. In this definition, loan is a noun. If I were to use loan as an action (a verb), I would be "loaning someone my car for the afternoon". An adjective is a word that describes a noun. "Loan" cannot describe anything.

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Q: Is loan an adjective
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