What is Extended Loan?
1.
A method of semi-permanently giving something away to someone while reserving your right to ask for it back later if you change your mind.
I gave my first mp3 player to Jim on extended loan, but since my new mp3 player got stolen, I was able to ask for the old one back.
See
Random Words:
1.
rip you get on your pants right between your legs causing vagina-like hole
Man, I got a vagina rip in my new pair of pants!
See vagina..