loan for use

Definition of "loan for use"
  1. An arrangement where one party temporarily lends a personal item to another person with the expectation that the same item will be returned without any payment for its usage, predominantly applied in Louisiana's civil law system
How to use "loan for use" in a sentence
  1. In a loan for use, the bicycle will be returned to its owner after the borrower has used it, without any fee for its usage.
  2. A loan for use can be applied in a situation where a person lends their car to a friend, expecting that it will be returned without any compensation necessary for its use.
  3. To assist in their project, an art studio made a loan for use agreement to lend their equipment to an artist, with the agreement it would be returned without a fee for the usage.

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