Definition - What does Lender mean?

The term "lender" may be defined as any institution (public or private) that keeps funds available so that other parties may borrow them. A lender gives cash to the borrower for a fixed period of time and for a variable or fixed rate of interest.

Justipedia explains Lender

For a borrower to secure cash, the lender seeks some kind of security. However, a lender may advance cash to the borrower only on his or her signature. In the case of security such as property, the lender holds either a floating or a fixed charge on the asset.

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