Borrow

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Borrow

To obtain or receive money on loan with the promise or understanding that it will be repaid.

Borrow

To receive 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 occurs informally from family and friends, at the retail level through a bank, and also on a large scale involving governments and institutional investors.
References in periodicals archive ?
In fact, the best thing a borrower can do is to put their loan request in play before a number of potential lenders.
Editor's note: Workouts of second-lien loans have become a significant issue for lenders--and for borrowers, if the lenders aren't experienced with resolving problem loans.
Borrowers experiencing difficulties in making payments should contact their lender or the department, and we will work with them," Greene says.
For instance, some financial institutions specialize in high-risk loans, while others are better at working with troubled borrowers to keep them in the property, he said.
The tax department of most conduit borrowers may not have been heavily involved in the initial bond offering, which is typically a company treasury function.
The program has 12 volunteers and 16 borrowers, with room for more, Aronoff said.
The FHA also has a high portfolio share for lending to lower-income or minority borrowers and neighborhoods relative to the participants in the conventional mortgage system.
Finally, whenever possible, borrowers should try to negotiate a loan without personal recourse.
That trend is one reason for the increase in the proportion of ARM borrowers refinancing into fixed-rate mortgages in the third quarter.
Due to the unexpected inflation in the 1970s, the interest paid by the borrowers regularly exceeded the caps, and Continental subsequently made substantial refunds to its borrowers.
From making extremely risky loans above government cost to embryonic borrowers with nowhere else to turn, the federal government started making extremely safe loans at below government cost to longstanding institutions that could easily raise money elsewhere.
Combining multiple loans into one consolidation loan may enable borrowers to lower their monthly payment, lower the total cost of their loan, access better incentives and/or streamline the monthly management of their student loan payments," said Kevin Walker, CEO of SimpleTuition, Inc.