loan approval
1
2.9
- noun
- /loʊn əˈpruːvəl/
- Formal
:
aprobación de préstamo
Examples
-
Pakistan's loan approval, which occurred immediately after the September 11 attacks, however, already was slated to be approved by the IMF executive board.
Academic text (2004) -
If the United States did not actually vote for the IMF loan disbursal and the loan disbursal was already set to be approved, why did the United States want to take credit for the loan approval?
Academic text (2004) -
The report linked the decline in project quality in part to a "pervasive" "culture of approval" for loans, whereby bank staff perceive the appraisal process as merely a "marketing device for securing loan approval." 2
Academic text (1994) -
This vote share does not seem sizable, but it is significant considering a vote of only 15 percent is required to veto many board decisions (excluding loan approvals) and that it is nearly impossible for a natural coalition of votes to oppose the voting power of the United States.
Academic text (2004) -
Second, the United States took credit for Pakistan's loan approval to convince sectors of the Pakistani public, particularly the business elite who agree with the "necessary evils" of IMF austerity, that the United States was helpful in ensuring the long-term economic vitality of their state.
Academic text (2004) -
After submitting my application, I received quick loan approval from the bank.
-
The bank's loan approval process typically takes up to two weeks for most applicants.
-
You need to provide your income information to secure loan approval for your mortgage.
Synonyms
400
1.6
Official permission to do something from a person or group in charge
Antonyms
How Approved
Surface Forms
Morphology
The meaning is directly compositional: 'loan' (an amount borrowed) combined with 'approval' (official permission) yields the clear idea of official permission to borrow money. This noun–noun construction follows a common, cross-linguistic pattern in financial terminology, so a B1 learner who knows both constituents should be able to infer the MWE's meaning.
Etymology
The phrase loan approval comes from the image of a bank manager stamping a paper 'approved' so the loan can be given. So, approval is the official permission 'to borrow money'.