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Finance & Banking vocabulary · Loans & Credit

Borrower

Meaning in finance & banking, with examples

/ˈbɑːroʊər/nounCore term

In finance & banking, borrower means: A person or organisation that receives money from a lender and agrees to pay it back, usually with interest.

In Turkish: borçlu, kredi kullanan, kredi müşterisi

How it is used

The standard word in loan documents and credit reports. Banks assess, lend to and monitor borrowers. Common phrases: retail borrowers, corporate borrowers and first-time borrowers.

Example sentences

  1. The borrower must provide audited financial statements every year.

  2. Higher rates are making it harder for first-time borrowers to buy a home.

Common collocations

  • first-time borrower
  • corporate borrower
  • lend to a borrower
  • borrower's income
  • lenderA bank, company or person that gives money to a borrower, expecting it to be paid back with interest.
  • loanMoney that a bank or another lender gives to a person or company, which must be paid back over time, usually with interest.
  • guarantorA person or company that promises to repay a loan if the borrower cannot. The lender can then ask the guarantor to pay.
  • defaultFailure to make loan or bond payments as agreed. A borrower is usually treated as in default after missing payments for a set period, often 90 days.

More terms: Loans & Credit

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This page explains English vocabulary for learners. It is not financial advice.