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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
borrowera 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
borrowera person, firm or institution that obtains a LOAN from a LENDER in order to finance CONSUMPTION or INVESTMENT. Borrowers are frequently required to offer
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005