lenders
n. countable B2 Upper Intermediate US //ˈɫɛndɝz// UK //lˈɛndəz// lenders
n. people or organizations, like banks, that let you borrow money. You usually have to pay them back later with a little extra money called interest.
n. organizations or individuals that provide funds to others on the condition that the money will be repaid, typically with interest. Often used in plural to refer to the financial sector or a group of creditors.
The lenders agreed to give the small business a loan.
After reviewing the applicant's credit history, the lenders decided to offer a lower interest rate.
In a tightening credit market, lenders often impose more stringent requirements on borrowers to mitigate the risk of default during economic downturns.
Usage
Commonly used in plural when discussing the banking industry or mortgage providers.