lender


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Lender

Businesses that provide loans to others.

Lender

A person or organization that makes a loan. That is, a lender gives money to a borrower with the expectation of repayment in a timely manner, almost always with interest.
Ledgerclick for a larger image
Fig. 50 Ledger. The main ledger accounts.

lender

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

lender

a person, firm or institution that makes a LOAN to a BORROWER to enable the borrower to finance CONSUMPTION or INVESTMENT. Lenders frequently require borrowers to offer some COLLATERAL SECURITY, for example, property deeds, which lenders may retain in the event of borrowers failing to repay the loan. See alsoCREDIT, FINANCIAL SYSTEM.

lender

One who advances money to another in the expectation of receiving repayment of the money plus a fee for the use of the money, called interest.

Lender

See Mortgage Lender.

References in periodicals archive ?
Variables like whether or not the lender will escrow for taxes, or whether an actual/360 or a 30/360 calculation will be used when computing your monthly/annual mortgage payment, are still, in many cases, malleable.
We believe that the incentives arising from the risk that the borrower will be unable to repay its loan because of its own CERCLA liability are adequate to encourage lenders to evaluate environmental risks related to their borrower's property.
Lenders and intermediaries can and should do more to tackle current problems with interest-only mortgages.
According to Constance Blaine, vice president of Fax Focus, "The Mortgage Point service allows lenders to improve the efficiency of their business by providing them with all the information they need to set competitive rates, plus a fast, cost-effective way to distribute rates and program information to every broker in their network.
The Web site is available to all lenders that have formed partnerships with CBA Commercial.
When you're having a problem that may affect your financing, the tendency may be to either understate the problem to your lender or to avoid telling him about it at all.
If your lender is knocking at the door, here are the steps to follow in a workout.
Covenants in borrowing agreements that give lenders a voice in their borrower's activities are designed to ensure that the borrower acts prudently in financial matters and places a high priority on the repayment of the debt not to permit the lender to substitute its judgment for the borrower's in technical aspects of the borrower's business.
In 2006, Lenders First Choice expanded into a new market and increased its market share.
Popik noted that because the broker base has converged on the three products, wholesale lenders may find it tempting to use one sales force to market different kinds of loans to the same brokers.
When a lender requests updated numbers or additional data, it's up to you to deliver them.