Lender

{
  "id": "MLC-T-LAW-003000",
  "term": "Lender",
  "field": "Law",
  "definition": "An individual, financial institution, or other entity that extends funds to a borrower with the expectation that the principal amount will be repaid, along with interest and any associated fees. The relationship between the lender and borrower is formalized through a loan agreement, which specifies the terms of repayment, interest rate, and consequences of default. This agreement is a legally binding contract, and its terms are enforceable in court.",
  "url": "https://mlchart.com/terminology/law/lender/"
}