Meaning of the word borrower in English

What does borrower mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

borrower

US /ˈbɑːr.oʊ.ɚ/
UK /ˈbɒr.əʊ.ər/

Noun

1.

a person or organization that takes money from a bank or other financial institution with the intention of repaying it, usually with interest

Example:
The bank assesses the creditworthiness of each potential borrower.
As a first-time borrower, she found the loan application process daunting.
2.

a person who takes and uses something belonging to someone else with the intention of returning it

Example:
The library keeps a record of all borrowers and their borrowed books.
He was a frequent borrower of tools from his neighbors.