borrower


borrower
borrower bor‧row‧er [ˈbɒrəʊə ǁ ˈbɑːroʊər, ˈbɔː-] noun [countable]
someone who has borrowed money, especially from a bank or building society:

• Borrowers pay 14% interest, due to rise to 15.5% on 1 November.

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borrower UK US /ˈbɒrəʊər/ noun [C]
FINANCE, BANKING a person, company, government, etc. that borrows money: »

Naturally, defaults by corporate borrowers increased when the economy turned down.

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House prices have recently been falling and many mortgage borrowers are finally feeling the pinch after five interest rate rises in nine months.

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new/existing borrowers

Compare LENDER(Cf. ↑lender)

Financial and business terms. 2012.

Look at other dictionaries:

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  • borrower — see neither a borrower nor a lender be …   Proverbs new dictionary

  • borrower — borrow ► VERB 1) take and use (something belonging to someone else) with the intention of returning it. 2) take and use (money) from a person or bank under agreement to pay it back later. ● be (living) on borrowed time Cf. ↑be on borrowed time… …   English terms dictionary