loan for use
- 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
- 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.
- 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.
- 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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