Question

Define borrower and transaction

Answer 1

Transaction Loan. A loan for a specific purpose. For example, a mortgage is atransaction loan because it is used to buy a piece of property, a fact both thelender and the borrower know when they begin the process
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Answer 2

Event which involves money or payment, such as the act of depositing money into a bank account, borrowing money from a lender, or buying or selling goods or property.