Definition of borrower

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TeachMeFinance.com - explain borrower



Borrower -- A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

another definition...

borrower -- individual or institution receiving funds in the form of a loan and obligated to repay the loan, usually with interest. A borrower is called a mortgagor when the loan is secured by real estate.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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