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A person who borrows money is called a borrower. Borrowers can take out loans from various sources, such as banks, credit unions, or individuals, and are typically required to repay the borrowed amount along with interest. In legal terms, they may also be referred to as the debtor.
What else can I help you with?
When a person borrows money what is the original amount of the loan called?
The original amount of the loan is called principal.
What is a person that borrows money from a bankfw?
A banker
In a mortgage who is the mortgagee?
The lender is the mortgagee. The person who borrows the money is the mortgagor.
What is a person called who borrows money from others?
A person who borrows money from others is commonly referred to as a "borrower." This individual typically seeks a loan or credit to meet financial needs, with the expectation of repaying the borrowed amount, often with interest, over a specified period. In legal and financial contexts, borrowers may also be referred to as "debtors."
When a country or a person borrows money to pay yearly debt they are involved in this type of spending?
deficit spending
What is the person called if he borrows money but does not return?
Hmm, are you thinking a thief ?
When a person borrows money what is the original amount of the loan called?
The original amount of the loan is called principal.
What is a person that borrows money from a bankfw?
A banker
In a mortgage who is the mortgagee?
The lender is the mortgagee. The person who borrows the money is the mortgagor.
What is mortagee means?
Person that borrows money usually from bank to purchase home
What is a person called who borrows money from others?
A person who borrows money from others is commonly referred to as a "borrower." This individual typically seeks a loan or credit to meet financial needs, with the expectation of repaying the borrowed amount, often with interest, over a specified period. In legal and financial contexts, borrowers may also be referred to as "debtors."
When a country or a person borrows money to pay yearly debt they are involved in this type of spending?
deficit spending
When the federal governments spends more money than it takes in it borrows money to make up the difference. what is this called?
Deflicit financing
The practice by which the buyer uses some of his or her own money to buy stock and borrows the rest from a broker is called?
Margin
When the government borrows money it must pay this?
Interest on the money
What is the difference between banking and financing?
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
What is the difference between finance and banking?
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
