asked 143k views
0 votes
A customer who obtains a loan from a bank in turn becomes?

asked
User Sofia
by
8.4k points

2 Answers

4 votes
Customer Who Obtains A Loan From A Bank In Turn Becomes A Borrower
answered
User Jeff Erickson
by
8.2k points
3 votes

Answer:

A customer who obtains a loan from a bank, in turn, becomes a borrower.

Step-by-step explanation:

A borrower is the one that burrows, that has received money from another party with the agreement that the money will be paid. In most cases, the borrower does so knowing he/she will have to repay with interest, giving a certain percentage of the principal amount to the lender as compensation for borrowing.

answered
User Molloch
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.