Definition of the Day 7/11/14 — Loan

Posted: July 11, 2014 in Economics, Humor
Tags: , , , ,

LOAN, n. In modern banking, the lending of money to those who have no need to borrow it; 2) On a personal level, an advance of money with no hope of being repaid; 3) A time-tested means of ridding oneself of unwanted “friends.”

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–from the revised and expanded edition of The American Heretic’s Dictionary, the best modern successor to Ambrose Bierce’s Devil’s Dictionary

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