> Hefir hann áður selt (selja) mér laun og mörgum öðrum í heilræðum
sínum."
> He has already given me a loan and many others in (the form of) his
sound-counsels.'

laun, n. pl. reward, recomnpense.
lán, n. (1) loan;

Hence MM & HP: "He has paid me and many others in advance with all his
good counsel."