[Starwind]

To 'spend' is to conduct a one-time transaction whereby money is exchanged for a good or service, completing the transaction with no further obligation on either party for any subsequent action (assuming the money was not counterfeit and the good/service within warranty).

To 'loan' or 'borrow' is to enter into an ongoing covenant or obligation whereby one party places into possession of the other party a sum of money with the further obligation being that sum of money is to be repaid (usually in installments) with interest, and sometimes with something as collateral to insure or indemnify the lender of the money. No good or service is exchanged and the covenant is complete only upon repayment in full with interest (at which point again no good or service is exchanged).

[1rudeboy]

If I take-out a mortgage loan, by your calculation at what time is the money "spent," if ever? The home, a "good," is sold in a "one-time transaction with no further obligation," from the standpoint of the seller.