Lender

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A lender is someone, or some financial institution, that lends money, known as a loan, to a borrower. Lending and borrowing money is central to the U.S. economy; people and businesses do it all the time. People often borrow money from a lender to buy a house or a condominium. See also Bank, Credit Union, Mortgage, Mortgagee, and Savings and Loan Associations (S & Ls).