1. Loans made between institutions, organizations, or individuals; mutual lending arrangements.
Usage: Usually plural; common in banking and library contexts

1. To lend to each other; to engage in mutual lending.
Usage: Third-person singular present or plural present tense

Examples

• The two banks established interloans to improve liquidity during the financial crisis.
• Libraries in the region interloans books to serve patrons more effectively.
• The agreement allows the institutions to interloans resources as needed.
• Interloans between universities help students access materials from partner libraries.
• The credit union interloans funds with other member institutions to maintain reserves.