borrower |
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Definition
An individual, organization or company that is using funds, materials or services on credit. See also borrowing, lender, loan.
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borrower is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
borrower appears in the definitions of the following terms:
wraparound mortgage,
mortgage bill of sale,
security interest,
intermediary,
security agreement,
jointly and severally,
obligation bond,
default risk,
letter of demand,
liquidity risk
and
borrower appears in these other term: conduit borrower
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