borrower
The person or organization that gets a loan and must pay it back.
A person, company, or organization that receives money as a loan and is expected to pay it back, usually with interest.
A person who uses something for a short time and then gives it back.
A person who takes or uses something belonging to someone else for a limited time and is expected to return it.
A language or culture that takes words or ideas from another one.
A language, culture, group, or person that adopts words, ideas, customs, or styles from another source.
- Base: borrower
- Plural: borrowers
borrower protections
1rules protecting borrowers
Rules that help protect people who take loans.
- The law added new borrower protections for people taking out payday loans.
- Consumer groups argued that the contract did not include enough borrower protections.
- Borrower protections can require lenders to explain fees in plain language.
- Borrower protections help people understand loan costs.
co-borrower
1jointly responsible loan borrower
A person who shares a loan with someone else and must help pay it back.
- Her husband is listed as a co-borrower on the mortgage.
- Both co-borrowers must sign the loan agreement.
- Adding a co-borrower with a higher income may improve the application.
- My sister is my co-borrower on the car loan.
corporate borrower
1company taking a loan
A company that borrows money.
- Corporate borrowers faced higher costs as interest rates rose.
- The bank provides credit lines to large corporate borrowers.
- Investors became more cautious about lending to heavily indebted corporate borrowers.
- A corporate borrower is a business, not an individual.
first-time borrower
1new borrower
Someone who is getting a loan for the first time.
- First-time borrowers may need extra guidance on fees and repayment dates.
- The credit union offers a short workshop for first-time borrowers.
- As a first-time borrower, she had to provide more documents.
- First-time borrowers should read the loan terms carefully.
mortgage borrower
1person with home loan
Someone who has a loan for a house or other property.
- Mortgage borrowers with fixed-rate loans are less affected by rising interest rates.
- The new rule requires lenders to give mortgage borrowers clearer information about fees.
- Many mortgage borrowers refinance when rates fall.
- A mortgage borrower pays money back every month.
prime borrower
1strong-credit borrower
A borrower with good credit who can usually get better loan terms.
- Prime borrowers usually receive lower interest rates than higher-risk applicants.
- The bank offered its best mortgage rate only to prime borrowers.
- Even prime borrowers may be rejected if their income is too low.
- A prime borrower often has a good credit score.
student loan borrower
1person with student loan
Someone who borrowed money to pay for education.
- Student loan borrowers can apply for income-based repayment.
- Many student loan borrowers worry about interest building up while they study.
- The website explains options for student loan borrowers who cannot make payments.
- He is a student loan borrower after college.
subprime borrower
1higher-risk credit borrower
A borrower whom lenders see as more risky, usually because of credit problems.
- Subprime borrowers are often charged higher interest rates.
- The lender specialized in car loans for subprime borrowers.
- Regulators said subprime borrowers needed clearer information about loan costs.
- A subprime borrower may pay a higher rate.