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Latin. n. Loan, thing lent, borrowed object. A loan: a thing trusted to a bailee. A contract, by which one of the parties binds himself to return to the other certain personal chattels which the latter delivers to him, to be used by him, without reward; loan for use. This is one of three types of contracts for permissive use. See also locatio conductio and mutuum. See Loan for use.
Commodate; a species of loan in which the identical thing lent is to be returned to the lender. It is called commodate, because it is commodo datum, given as a convenience or favor. See Actio commodati.
