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Banking basics

A recap of a few things you’d think financial professionals ought to know

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“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.”

Hamlet, I, iii

Literally — for creditor comes from the Latin credo, credere, credidi, creditum — a believer. One who extends credit, which one might do deliberately by lending money, and inadvertently if one’s at-the-money transaction improves in value, such that the poor fellow owes you money.

See also