1. a person or organization that receives a loan
Usage: formal; chiefly used in financial and legal contexts
2. a player temporarily transferred to another team during a season
Usage: chiefly British; sports context

Examples

• The bank assessed the creditworthiness of each loanee before approving the mortgage.
• The loanee agreed to repay the principal with interest over ten years.
• The football club signed the striker as a loanee from a rival team.
• During the transfer window, several loanees were recalled by their parent clubs.
• The loanee must provide collateral to secure the business loan.