Borrower
/ˈbɑːroʊər/
Definitions
- (n.) A party that receives money or property from another with the agreement to return it, typically with interest.
The borrower agreed to repay the loan within five years.
Forms
- borrowers
Related terms
See also
Commentary
Use ‘borrower’ specifically to denote the recipient of a loan obligation, distinguishing from ‘lender’.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.