Meaning & Definition of word "Lender"

Lender

/ˈlɛndər/

1. A person or organization that lends money.
- Example: The bank acted as a lender for my home mortgage.
2. An institution that provides loans to individuals or businesses.
- Example: The credit union is a reliable lender for small business loans.
3. One who lends something, typically in a temporary capacity.
- Example: He is a lender of books to his friends, sharing his collection generously.

●Middle English, from the verb 'lend' which comes from Old English 'landian,' meaning 'to grant, to allow.'

hard money lender:

A lender providing short-term loans secured by real estate with higher interest rates.

private lender:

An individual or organization that lends money without the typical requirements of a financial institution.

lender of last resort:

An institution, usually a central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty.

borrower:

A person or entity that takes money or assets from a lender with the intention of paying it back.

loan:

A sum of money that is borrowed and is expected to be paid back with interest.

interest:

The charge for the privilege of borrowing money, typically expressed as an annual percentage.

Meaning: Loan shark

● Example Sentence: Don't go to that loan shark; their rates are outrageous.

Meaning: Money man

● Example Sentence: He’s the money man around here, always ready to lend some cash.