A borrower is an individual or entity that is using money, assets, or services on credit. The concept most commonly applies to the lending of funds, where a borrower applies for a loan, and there is a credit evaluation by the lender. The lender may also require that the borrower provide collateral that the lender can access if the loan is not repaid in a timely manner. The borrower agrees to certain repayment terms and conditions as part of the loan agreement.

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Corporate Cash Management 
Corporate Finance 
Treasurer's Guidebook