Get Borrower's Affidavit - The Illinois Housing Development Authority - Ihda

A lender is an individual, a group (public or private), or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees.

The buyer of a bond is a lender. The seller of a bond is a borrower. The bond buyers pay now in exchange for promises of future repayment—that is, they are lenders. The bond sellers receive money now and in exchange for their promises of future repayment—that is, they are borrowers.

A borrower is a person or business that receives money from a lender with the agreement to pay it back within a specified period of time.

/ˈbɑːr.oʊ.ɚ/ a person or organization that borrows something, especially money from a bank: Banks are encouraging new borrowers. The borrower is charged interest from the time the loan is disbursed until it is paid back in full.

borrowers. Definitions of borrower. someone who receives something on the promise to return it or its equivalent. Antonyms: lender, loaner. someone who lends money or gives credit in business matters.

In every credit relationship, there's a debtor and a creditor: The debtor is the borrower and the creditor is the lender. Your own obligations differ depending on which role you play. Here's what you need to know about the relationship between these two terms, and how to make sure you're doing your part.

The lender This is the person or entity that lends a certain amount of money on credit to an applicant, who is the borrower, who must repay the amount borrowed, plus the interest agreed upon in the contract, within a predetermined time frame.