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Lender
A financial institution or individual that provides money to a borrower with the expectation of being repaid, often with interest.
More Details
A lender is a financial institution or individual that provides money to a borrower with the expectation of being repaid, often with interest.
Example
As a lender, you may provide a loan to a borrower for a variety of purposes, such as financing a home purchase or a business expansion. In this case, you would expect the borrower to pay back the loan, plus any applicable interest, according to the terms of the loan agreement. Lenders may include banks, credit unions, and other financial institutions, as well as individuals who are willing to lend money to borrowers. In some cases, lenders may also require collateral, such as a property or a valuable asset, to secure the loan.
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