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Borrower
BORROWER

Definition: A person or an organization that borrows money, especially from a bank.
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* All eight elements should be in.


1. Purposeful for person or organization (to emphasize).

2. Necessary. That is, decision to go a-borrowing is well-thought. In other words, a real need exists to require some specific or extra financial help. And borrower has a repayment plan in place.

3. Person or organization has no outstanding loan, especially to the same lender! (To emphasize!)
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See perfect HEDGE (2).
Below the Line
4. Lender conducted a 'diligence search' on the loan applicant.

5. There is an agreement - signed, sealed and delivered - between lender and borrower, before money changed hands (connect to #4).
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See perfect DUPE.


further below the line


6. Borrowed money is used or invested appropriately. That is, funds or finance raised serves purpose(s).

7. There is a profit or gain from the use of borrowed funds. And where there is no profit, there must be no loss (connect to #6).
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See perfect SHORT-SIGHTEDNESS (1).


much further below the line


8. Principal, plus interest, if any, is paid back to lender, as per the agreement: timely, proper manner, etc.; no a-sorrowing (connect to #5).
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See perfect BAD DEBT.


Quote: "Always borrow money from a pessimist, he won't expect it back". - Oscar Wilde.

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