borrower

borrower definition - finance
A legal term for a person or entity that obtains funds from a business or individual for a specified period of time upon condition of promising to repay the loan. The terms of the loan are spelled out in a written document that is signed by both the lender and the borrower.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.