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What does the word debtor mean?
Borrower of money
What do you call someone who owes you money?
borrower
What do you call a person money is lended to?
A borrower
What is the difference between a borrower and co-borrower on a mortgage?
Nothing, they are equally responsible for the debt. Whether they each own equal shares of the property depends on if they are married; if they're not ownerhip is determined by how the property is titled. Basically what makes one person a borrower and the other a co-borrower is one simple factor, money. Whoever makes more money will in most cases always be the main borrower, regardless of credit scores. Like the person above said, both people are just as responsible.
Who largest borrower in the money markets?
It would be the Goverment
What is the name given to someone who borrows money?
The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.
What do you call a person money is lended to?
A borrower
What does the word debtor mean?
Borrower of money
What do you call someone who owes you money?
borrower
What do you call someone you owe money?
borrower
Is a co borrower the same as a co purchaser?
No. They are not interchangeable.Two people who buy an item are co-purchasers and also co-owners.Two people who sign a note to borrow money to pay for the item are co-borrowers. A co-borrower is not necessarily a co-owner. A co-borrower could be someone who agrees to help the purchaser obtain financing to purchase the item.No. They are not interchangeable.Two people who buy an item are co-purchasers and also co-owners.Two people who sign a note to borrow money to pay for the item are co-borrowers. A co-borrower is not necessarily a co-owner. A co-borrower could be someone who agrees to help the purchaser obtain financing to purchase the item.No. They are not interchangeable.Two people who buy an item are co-purchasers and also co-owners.Two people who sign a note to borrow money to pay for the item are co-borrowers. A co-borrower is not necessarily a co-owner. A co-borrower could be someone who agrees to help the purchaser obtain financing to purchase the item.No. They are not interchangeable.Two people who buy an item are co-purchasers and also co-owners.Two people who sign a note to borrow money to pay for the item are co-borrowers. A co-borrower is not necessarily a co-owner. A co-borrower could be someone who agrees to help the purchaser obtain financing to purchase the item.
What is the difference between a borrower and co-borrower on a mortgage?
Nothing, they are equally responsible for the debt. Whether they each own equal shares of the property depends on if they are married; if they're not ownerhip is determined by how the property is titled. Basically what makes one person a borrower and the other a co-borrower is one simple factor, money. Whoever makes more money will in most cases always be the main borrower, regardless of credit scores. Like the person above said, both people are just as responsible.
Who largest borrower in the money markets?
It would be the Goverment
If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?
A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.
Why borrowers considered as the slaves of the lenders?
Because - the borrower is 'in debt' to the lender until the borrower either returns the object (or money) borrowed.
Niether a borrower nor a lender be?
William Shakespear's Hamlet. Said by Lord Polonius. Never ask for or give money to other people.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
