Borrowers
/ˈbɒrəʊərz/
Definitions
- (n.) Individuals or entities that receive funds from a lender under a loan agreement with the obligation to repay.
The borrowers agreed to the terms outlined in the mortgage contract.
Forms
- borrower
Related terms
See also
Commentary
Term specifically refers to the party obligated to repay borrowed funds, distinct from lender; commonly used in loan documentation.
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.