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Related to lender: Payday lender
Businesses that provide loans to others.
lendera 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.
lendera 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.
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.
See Mortgage Lender.