Day: August 3, 2020

Will You Rather Be A Borrower or A Lender?

Two of the commonest words linked to loans and advances are lending and borrowing. Although many people who are unaware of what the two means may confuse them, there is a distinction between borrowing and lending. In fact, lending and borrowing are two acts differing in meaning and intent. In grammar, the term borrowing is a noun, while “to lend” is simply a verb. But beyond semantics, continue reading to discover which one you would rather prefer to be – a borrower or lender – using their individual features as your yardstick.

What is Lending?

Lending is the word used to lend money to anyone to get it back, i.e. the original principal sum given and the interest for some time. When a bank then loans you money in the form of a business loan, the bank is entitled to charge you a certain amount of interest on the … Read More