Loan Borrower
Definition
Loan Borrower. The Borrower of the Loan. This is the party which draws down the offered credit in the form of a loan under conditions agreed in the Loan Contract to which the Borrower is party.
The Party "Loan Borrower" is both party to the Loan as the party which borrows and owes the money, and party to the Loan Contract which sets out the agreed conditions between the Borrower and the Lender for the loan and for the repayment thereof.
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.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/Loans/LoansParties/index-en.html + |
