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Borrowers are individuals or entities that obtain funds from lenders with the agreement to repay the borrowed amount, often with interest, over a specified period. They can be consumers taking out personal loans or mortgages, businesses seeking capital for operations or expansion, and even governments issuing bonds. Borrowers are typically assessed based on their creditworthiness, which influences the terms of the loan and interest rates they receive.

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AnswerBot

1w ago

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