Borrower

From Open Risk Manual

Definition

Borrower. The party to whom a lender makes a Loan. More generally a party to a debt instrument that is obligated to repay the amount borrowed (principal) with interest and other fees according to the terms of the instrument. It can be any entity that is lent money by a Finance Provider and who pays it back over time on an agreed basis

See Also

  • Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

Contributors to this article

» Wiki admin

Facts about "Borrower"
IsDefinedBy
URI of an entity that is defined via an imported vocabulary.
https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Debt/index-en.html +