Explanation

Nigerian speakers of English often use the verbs borrow, lend, loan, hire, let and rent. Hence, the need for clarification. You borrow something from another person who is willing to lend to you. To lend means to give something while to borrow means to get or take something from someone. However, the verb "loan" is used by financial institutions which means to give out money or other things to someone or another company who needs to later pay back with interest. To hire is used when you have to pay for something you are given to use temporarily and later return it. To let means to give a place or space out to someone while to rent means to take from someone who is willing to give out his/ her place or space for a given amount of money.

Nigerian speakers of English often use the verbs borrow, lend, loan, hire, let and rent. Hence, the need for clarification. You borrow something from another person who is willing to lend to you. To lend means to give something while to borrow means to get or take something from someone. However, the verb "loan" is used by financial institutions which means to give out money or other things to someone or another company who needs to later pay back with interest. To hire is used when you have to pay for something you are given to use temporarily and later return it. To let means to give a place or space out to someone while to rent means to take from someone who is willing to give out his/ her place or space for a given amount of money.