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lenders

Pronunciation: [ˈlɛndərz]

Word

Context: "finance"

(noun) a lender is a person or organization that gives money to others with the expectation that it will be paid back, usually with extra money called interest. Lenders help people buy homes, cars, or pay for education by lending them money.

Example

The bank acted as a lender for the new homeowners, giving them a mortgage to buy the house.

Example

Without good credit, she couldn't find any lenders willing to give her a loan.

Example

Who are the main lenders in our community?

Context: "business"

(noun) lenders can also refer to businesses or institutions, like banks, that specialize in providing loans to customers. They play an important role in the economy by helping people finance their purchases.

Example

Credit unions are often seen as friendly lenders because they usually have lower interest rates.

Example

Some lenders charge very high fees that make it hard for people to pay back their loans.

Example

What types of lenders offer the best rates?

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