Also means
lent
Usage Note
Prestado is the past participle of prestar used as an adjective, and it covers both 'borrowed' and 'lent' depending on perspective — context or the verb pedir vs dar clarifies direction. The idiom pedir prestado means 'to borrow' and dar prestado means 'to lend.' Note that Spanish lacks separate lexical items for borrow/lend the way English does.
Examples
"Este libro es prestado; lo devolveré mañana."
Natural Translation
This book is borrowed; I will return it tomorrow.

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