juanmiguel1022
juanmiguel1022 juanmiguel1022
  • 14-02-2017
  • History
contestada

A customer who obtains a loan from a bank in turn becomes?

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cari98
cari98 cari98
  • 31-05-2017
Customer Who Obtains A Loan From A Bank In Turn Becomes A Borrower
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poncetmarina02 poncetmarina02
  • 10-05-2019

Answer:

A customer who obtains a loan from a bank, in turn, becomes a borrower.

Explanation:

A borrower is the one that burrows, that has received money from another party with the agreement that the money will be paid. In most cases, the borrower does so knowing he/she will have to repay with interest, giving a certain percentage of the principal amount to the lender as compensation for borrowing.

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