what is meaning of barrower and lender?

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what is meaning of barrower and lender?

2006-08-29 00:11:31 · 4 answers · asked by ramyashd 1 in Business & Finance ➔ Investing

4 answers

I lend money to you. You borrow money from me.

2006-08-29 00:14:31 · answer #1 · answered by Charles Athole M 4 · 0⤊ 0⤋

Borrower - The person who borrow the money/goods from you.

Lender - You are the lender to the person, if the person borrow something from you.

e.g. Bank House Loan.

You are the borrower, and the Bank is the lender.

2006-08-29 07:20:35 · answer #2 · answered by shin 3 · 0⤊ 0⤋

Borrower~ taker who has to give back more (principal + int)
Lender ~ giver who takes back more.(principal+int)

2006-08-29 07:21:56 · answer #3 · answered by saumitra s 6 · 0⤊ 0⤋

its borrower- means who takes
lender- means who gives

2006-08-29 07:17:05 · answer #4 · answered by ? 6 · 0⤊ 0⤋