What is borrower?

  • (noun): Someone who receives something on the promise to return it or its equivalent.

Some articles on borrower, borrowers:

Loan Covenant
... in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain ... Covenants would be syndicate loans, where several banks act as party to loans and borrower may be one or several ...
Student Loan Default In The United States - Garnishment of Wages and Tax Refund
... In addition, the IRS can take the borrower’s income tax refund until the defaulted loan is paid in full ... The borrower has filed for bankruptcy ... The borrower is totally and permanently disabled ...
CIBIL - Credit Information Reports
... These reports contain the basic borrower information (such as names, DOB's and addresses), past payment history, overdue amounts, records of all the credit facilities availed by the borrower, suit-filed ...
... to describe a mortgage loan for which the asset and borrower meet the following criteria In the United States, the borrower has a credit score of 680 or higher The ...
Collateral Protection Insurance - How CPI Works
... When a borrower takes out a loan for a vehicle at a lending institution, he or she signs an agreement to maintain dual-interest insurance, protecting ... The borrower provides proof of insurance to the lender, which is verified by the CPI provider or a tracking company ... If proof of insurance is not received, notices are sent to borrowers prompting them to obtain required coverage ...

Famous quotes containing the word borrower:

    Neither a borrower nor a lender be,
    For loan oft loses both itself and friend,
    And borrowing dulls the edge of husbandry.
    This above all: to thine own self be true,
    And it must follow, as the night the day,
    Thou canst not then be false to any man.
    William Shakespeare (1564–1616)

    ...the borrower is the slave of the lender.
    Bible: Hebrew, Proverbs 22:7.