LeoGlossary: Lender
7 mo
(edited)
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An individual or financial institution that loans money out with the expectation that it will be repaid. It is common to charge interest on top of the money that is loaned.
The payments are made on incremental terms, such as monthly.
Lenders will use things such as a credit report and credit score to determine the worthiness of the borrower.
General:
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