Loan OUT is a term used to describe the act of lending something to someone else. It is often used in the context of money, but can also refer to other items such as books or tools. The term is made up of two words, 'LOAN' and 'OUT'. LOAN is a verb meaning to give something to someone else with the expectation that it will be returned at a later date. OUT is an adverb meaning away from the speaker or away from the place of origin. Together, LOAN OUT means to give something away with the expectation that it will be returned.