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1.
A questionably charitable act of giving to a person/persons who claim they will pay back but may or may not actually repay the debt. A cross between donating and loaning.
I loanated my tax return to Jeff. That was three years ago. I think I may never see that money again although he did say he would pay me back.
by Aurora Rezayne March 20, 2010
 
2.
A combination of loan and donate.
It is when you ask for a loan but also a donation at the same time!
Me: Hey Mark can I loanate some gold for my new epic mount skill?
Mark: No you're a noob.
by AmbigiousIsaNoob July 20, 2008