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A borrowee is an individual or a company that borrows money from a borrower, though this term is not correct. The grammatically correct term is borrowed.
ex: XYZ lent money to ABC. XYZ sued the borrowed because it was not receiving its capital back.
Although a word 'borrowee' is not a correct term, it is sometimes used in financial world of business to describe an entity that an individual or an institution has 'borrowed' money from, NOT the one borrowing who is the 'borrower.'
example:
A 'borrower,' out of desperation, 'borrowed' money from a 'borrowee' with high interest rate and caused himself to fall into deeper financial trouble.
Also, 'borrowed' is not grammatically correct term of either a 'borrowee' or a 'borrower,' but is only a past form of a verb, 'borrow.'
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How many types of loan are provided by central bank of India?
Loan is mostly classifed in the following basis time&security shotem loan(one year to three year .like money at call short notice pramissary note letter of credit ect) meadium term loan(one year to five year) securied loan(the banker receive some value security from the borrowee) unsecuried loan (banker loan provied to others in own risk)
Can bankruptcy stop a foreclosure?
Asked and answered here at least 100 times:Depending on the type of BK filed, for a short time. You will either pay or lose the property, and likely more. UNDERSTAND BK EFFECTS EVERYTHING YOU OWE AND EVERYTHING YOU OWN...NOT JUST THE HOUSE.If anyone tells you to stop making payments on your home to qualify for a loan modification, or to stop foreclosure, they are wrong. Honesty must be your number one priority. If someone tells you not to send your mortgage payment to qualify for a loan modification, don't do it.Lenders will generally work with you. While they may be stakeholders in your investment to some degree, they are NOT investors in your property, they just loaned you money and that's all they can get back (if the proertty went up in value they would get nothing more). You borrowee the money and owe it back...in BK if the property has to be used to get the funds and enough aren't generated, then it is common the court will discharge the rest. That is NOT true (you would owe the amount the property did not cover), without BK.Please before declaring yourself in bankruptcy talk to your lender and an attorney.Answer:This can be a very expensive and drawn out process through which there is no certainty of outcome. In the end, a court decides the outcome of all your assets and will leave you with a severely damaged credit record and the strong possibility of no home. If you are considering bankruptcy, you should contact an attorney to discuss this option.
