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Definition of «lender»

A lender is a person or institution that loans money to another individual, company, or government. The term can also refer to someone who provides funds for a specific purpose and expects repayment with interest. In finance, a lender is an entity that extends credit by providing funds to be paid back at a later date, usually with interest.

Usage examples

  1. The bank acted as a lender and provided a loan to the small business for expansion.
  2. Mary's brother agreed to be the lender and offered her some money to help with her car repairs.
  3. The online platform connected borrowers with multiple lenders for mortgage financing.
  4. The lender reviewed the borrower's credit score and income before approving the loan application.
  5. The lender required the borrower to provide collateral, such as property or assets, as security for the loan.

Phrases with «lender»

Sentences with «lender»

  • Private mortgage lender mortgages are often expensive but if used wisely, they could contribute to a brighter financial future. (mortgagebrokerstore.com)
  • You can avoid trouble by working with lenders with a good reputation and a proven track record in the industry. (nation21loans.com)
  • People can rely on our staff to help them acquire bad credit mortgages in Aurora from private lenders in our network. (mortgagebrokerstore.com)
  • (see all sentences)

See also

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