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 ?
a) financial covenant relief to allow the borrower time to execute an operational turnaround;
For a deferment, the borrower must be a part-time college student, in a graduate fellowship program, in a rehabilitation training program (for those with disabilities), actively seeking but unable to find full-time employment, or having financial hardship.
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.
While the volunteers agree only to deliver and return books, they often form a rapport with the borrowers and spend time with them apart from the program.
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.
More than half the responsibility for prompt loan closing lies with the borrower.
Other issues addressed included the amount of creditable taxes on net loans made to Brazilian borrowers and the treatment of interest income on "cap loans.
The REA can't deny a cut-rate loan to a borrower, no matter how much money the borrower has.
If a business is the borrower, the lender will consider whether it is a start-up company or one in operation under three years.
A "financing arrangement" is defined as a series of at least two "financing transactions" in which a lender advances money or other property, and a borrower receives money or other property, if the advance and receipt are brought about through one or more intermediate entities (IE) and there are financing transactions linking the lender, each IE, and the borrower.