borrower
n. countablen. a person or organization that takes something from someone else with the promise to return it later. This usually refers to people taking out loans from a bank.
n. a person or entity that receives something of value, such as money or property, with the obligation to return it or its equivalent. Often used in financial contexts to describe a party taking a loan.
The borrower must pay back the loan by next month.
Banks carefully check a borrower's credit history before approving a mortgage for a new home.
In a healthy economy, the relationship between the lender and the borrower relies on mutual trust and a clear understanding of the interest rates involved.
From Middle English borower, borewer, borwere, equivalent to borrow + -er (agent suffix).
Commonly paired with the preposition 'from' to indicate the source of the loan.