Borrower

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

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.

See also

• Cross default