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a time machine that hands you tomorrow's money at today's anxious interest rate

means A sum of money (or thing) given to someone with the agreement that it will be paid or returned, usually with interest.

from From Old Norse 'lán,' meaning a thing lent, which sailed into English with the Vikings and gradually edged out the older native form. It traces back to a Proto-Germanic root tied to the idea of 'leaving' something with someonethe same family that gives German 'Lehen' (a feudal estate held on loan) and is a distant cousin of 'relinquish.' At its heart, then, a loan has always meant something left in your hands that was never quite yours to keep.

ancient rootsMesopotamians charged interest on grain loans 5,000 years ago
compound powerEinstein allegedly called compound interest the eighth wonder
word originFrom Old Norse lan, meaning a gift you return
shark mathSome payday loans hit 400 percent annual rates
trust engineLoans built banking before banks built marble lobbies
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