INTERVIEW QUESTIONS INVESTMENT DETAILS

Question: Who is a Borrower?

Answer: Borrower is a person or an entity that takes money from someone else for various purposes. The borrower uses the money for the specified time duration and at the end of the period returns the money to the lender. For the usage of these funds there will be a payment called interest.

Borrower is a person or an entity that takes money from someone else for various purposes. The borrower uses the money for the specified time duration and at the end of the period returns the money to the lender. For the usage of these funds there will be a payment called interest. Source: CoolInterview.com

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