Borrower - Meaning, Examples, Rights Duties, Vs Lender A borrower refers to an individual or business entity that receives a financial loan, asset, or service from a commercial lender on credit They receive it on a pre-determined agreement on fixed tenure and repayment terms along with a necessary guarantee based on the debtors' credit score
Borrower financial definition of borrower 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
Borrower Meaning: What Does Borrower Mean On a Loan? Read on to learn about the meaning of borrower, examples, and how it differs from a lender A borrower is a person or entity that has been given money that must be repaid in the future
Borrower definition — AccountingTools A borrower is an individual or entity that is using money, assets, or services on credit The concept most commonly applies to the lending of funds
Borrower - definition of borrower by The Free Dictionary To obtain or receive (something) on loan with the promise or understanding of returning it or its equivalent 2 To adopt or use as one's own: I borrowed your good idea 3 In subtraction, to take a unit from the next larger denomination in the minuend so as to make a number larger than the number to be subtracted 4