borrower in a sentence
n.
📚 Grade Level: Grade 3, Grade 4
Definition
A borrower is an individual or entity that takes money or a loan from another party with the intention of repaying it, typically under agreed-upon terms.
Sample Sentences
- The borrower applied for a loan to start a new business.
- Each borrower must provide proof of income before approval.
- The bank requires the borrower to have a good credit history.
- A responsible borrower understands the terms of their loan agreement.
- The lender assessed the risk associated with the borrower’s financial background.
- As a first-time borrower, she had many questions about the mortgage process.
- The borrower was grateful for the assistance provided by the financial advisor.
- To qualify for the loan, the borrower needs to meet specific eligibility criteria.
- The borrower successfully negotiated a lower interest rate with the lender.
- Communication between the lender and borrower is essential throughout the loan duration.