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Lending and borrowing.

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                                                                    Lending & Borrowing
            Lending.

Lending is the act of giving an item especially money to an individual with the idea of the person paying it back in a given period of time.

             Borrowing.

Borrowing is the act of requesting an item especially money from relatives, friends and or the bank with the idea of paying it back in a given period of time.

                                                 Problems associated with lending and borrowing

1. Borrowed money, if not paid back may lead to misunderstandings or quarrel between the lender and the borrower.

2. Borrowed money, if not paid back may lead to the financial loss of the lender.

3. Litigation between the lender and borrower start as result of borrowed money, not paid back

4. Failure to pay borrowed money may lead to the mortgage of properties such as houses, agricultural lands, cars and others.educationghblog.blogspot.com

Comments

  1. The Data Central24 May 2023 at 23:48

    Thanks for this information. If someone is looking for Mortgage Insurance Leads , contact The Data Central at (855)514-0900.

    ReplyDelete

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