Question

Distinguish between lender and borrower?

Answer 1

Answer:

lender needs the money whereas borrower borrow the money..

Answer 2

Distinguish between lender and borrower:

Lender:

• The person gives money is called lender.
• Lender gather an interest rate on the amount of money which is lent.
• Lending is the money which is given by the financial institutions and is to be repaid after a short period.
• Lender earn a bonus on the money being provided while borrowing is the process to attain a certain advantage in the business.

Borrower:

• The person who receives money is called Borrower.
• Borrower obtained when organisations are being funded by other parties or entities.
• These are to be repaid after a certain period of time with an interest rate attached to them.
• However Borrowing, takes place when there is a need to acquire funds and use it in purposes like business, research, etc.

Learn more about Lender and borrower:

Neither a borrower nor a lender be expansion.

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