Borrower: Difference between revisions

Revision as of 15:30, 13 June 2019

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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One who borrows. From lenders. Under loans. Involves indebtedness.

If one borrows by means of deposits, you ought to be a licensed deposit-taking institution, which is another way of saying a bank.

Being a swap counterparty is not to be a borrower, although one’s mark-to-market exposure, if not collateralised, can certainly resemble indebtedness even though, strictly speaking, it isn't.

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-One who borrows. From lenders. Under [[loan]]s. Involves [[indebtedness]].
+{{a|glossary|}}One who borrows. From [[lender|lenders]]. Under [[loan]]s. Involves [[indebtedness]].
-If one borrows by means of deposits, you ought to be a licensed [[deposit-taking institution]], which is another way of saying a [[bank]].
+If one borrows by means of [[deposit]]s, you ought to be a licensed [[deposit-taking institution]], which is another way of saying a [[bank]].
 Being a [[Counterparty|swap counterparty]] is not to be a [[borrower]], although one’s [[mark-to-market]] [[exposure]], if not collateralised, can certainly resemble [[indebtedness]] even though, strictly speaking, it isn't.
 {{seealso}}
-*[[cross default]]
+*[[Cross default]]