lender
/'lendə/
Definition
Noun: A person or organization that provides money or credit to another party with the expectation of being repaid, often with interest. A lender is the entity that gives a loan.
Examples
- The bank acted as the lender for our mortgage.
- Before you borrow, it's important to understand the terms set by the lender.
- Private lenders sometimes offer faster approval than traditional banks.
Advanced Usage
- "Lender of last resort": A central institution, typically a country's central bank, that provides loans to banks or other eligible institutions facing financial difficulties when no other entity will.
- During the financial crisis, the central bank acted as the lender of last resort to stabilize the banking system.
Variants and Related Words
- Lend (verb): To give something to someone for a temporary period, expecting its return.
- Loan (noun): The sum of money that is borrowed and lent.
- Creditor (noun): A person or company to whom money is owed. (While similar, a creditor is anyone owed a debt, not necessarily one who provided a loan initially).
Synonyms
- Creditor
- Loaner
- Financier
- Mortgagee (specific to mortgage loans)
Antonyms
- Borrower
- Debtor
Noun
-
someone who lends money or gives credit in business matters
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