borrower


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Borrower

A person or company that has received money from another party with the agreement that the money will be repaid. Most borrowers borrow at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for borrowing. Most loans also have a maturity date by which time the borrower must have repaid the loan. Borrowing and lending occur informally between family and friends, at the retail level through banks and on a large scale through governments and institutional investors.

borrower

a person, company or institution who obtains MONEY or some other asset (for example machinery, property) in the form of a LOAN, MORTGAGE or LEASING arrangement from a LENDER in order to finance consumption and investment. See DEBT, FINANCIAL SYSTEM, COLLATERAL SECURITY.

borrower

a person, firm or institution that obtains a LOAN from a LENDER in order to finance CONSUMPTION or INVESTMENT. Borrowers are frequently required to offer
References in periodicals archive ?
If the administrative agent either will not or cannot act for the second-lien lenders, the borrower has to identify who will represent them.
The Department of Education offers an online forbearance application for students with Direct Loans that asks why the borrower is requesting the forbearance and if the borrower wants to temporarily stop payments or reduce them.
Adjustable rate mortgages, where the borrower's payments may adjust after a period of time, are more risky If interest rates go up, the borrower may not be able to afford the higher payment.
The issuer is the governmental agency issuing the bonds, and the conduit borrower may not receive notice of the audit for many months.
The program has 12 volunteers and 16 borrowers, with room for more, Aronoff said.
The terms a borrower will ultimately receive will be a direct function of both the financial professional's capabilities and the borrower's due diligence.
For example, lenders usually require a borrower to purchase mortgage insurance from a public or private mortgage insurer if the down payment is less than 20 percent of the home's appraised value.
Submitting inaccurate data is a good way to disqualify yourself as a borrower.
Though not cited in the case, the Tax Court has allowed at least one borrower a deduction for interest paid in excess of the "cap"; see Fourth Financial Corp.
In other words, if Donald Trump were an REA borrower, he'd be able to get financing for a fourth money-losing casino in Atlantic City.
Most notably, borrowers with Parent PLUS or GradPLUS loans through the Direct Loan program might already have a low fixed rate.
High-volume intermediaries have the leverage to provide borrowers with the broadest selection of small loan mortgage alternatives.