A loan spell is a period of time during which something or someone is temporarily lent to another person, organization or entity. This term can be used in various contexts such as referring to a temporary transfer of funds from one individual or institution to another through a loan agreement, or it could mean the short-term use of an item that belongs to someone else, like borrowing a book for a weekend from a friend. In sports, a player may also be referred to as being on loan spell when they are temporarily transferred from their original team to another club for a specific period of time.