The second party is frequently called a debtor or borrower.

Neither a borrower nor a lender be, Polonius admonished in Hamlet.

The rich rule over the poor. The borrower is servant to the lender.

The borrower knows the risk is high, but tells the lender it is low.

The rich ruleth over the poor, and the borrower is servant to the lender.

As an immature debtor borrower, its trade balance and current account are also in deficit as a mature debtor borrower, its trade balance enters surplus and, as a debtor repayer, its current account moves to surplus.

Bankers were once supposed to know every borrower, and to make case by case lending decisions.

Notably, the issuer, that is the borrower, can rationally plan such borrowing to make real investments.

debt service coverage reduces the financial risk to investors and translates into lower borrowing costs for the borrower.

In the first three stages, the country is a net borrower with a deficit on the investment income account.

When investors make less risky loans, they require a lower risk premium , thereby reducing the cost of borrowing to the borrower.

In the 1990 s, Argentina tied its hands with a dollar pegged currency in order to enhance its credibility as a borrower.

Such automatic borrower initiated filings, if made legal by Congress, could reduce the household debt overhang without the need for government subsidies.

When prices are rising, the real interest rate is less than the nominal rate since the borrower repays with dollars that are worth less.

Whether a borrower like Italy ends up in the lap of good expectations or tumbles into a nightmare scenario often depends upon some coordinating news.

Since an unlimited number of CDSs could be sold against each borrower, the supply of swaps could grow much faster than the supply of bonds.

The borrower is cut off from international markets, and essential imports can no longer be purchased, while large scale defaults threaten to plunge creditors into insolvency.

In the old days, when borrowers found it impossible to make their payments, mortgages would be restructured foreclosures were bad for both the borrower and the lender.

As long as the borrower has not misled the lender at the time of taking the loan, the lender bears at least some responsibility for the transaction.

Likewise, an IMF program for Ireland which seems increasingly likely will not bring down domestic bond yields and reopen credit markets to any kind of Irish borrower.

When markets are in a euphoric state, they are in no position to exert discipline on any borrower, let alone a government with a reasonable credit rating.

The borrower typically requests loans when it needs to purchase and manufacture inventory, and repays the loans when the inventory is sold and the sales price is collected.

Bank lending and regulation, by contrast, must incorporate local knowledge, because, in a dynamic, unregimented economy, each borrower, loan, and bank is different (though some general guidelines can help).

With America turning away from its global role of borrower of last resort, the rest of us will need to sharpen our competitive edge to sell in other markets.

Consider catastrophe bonds (or cat bonds ), which contain clauses that stipulate that the issuer of the bond (the borrower) does not have to repay the money if a specified catastrophe occurs.

But there is a contrary moral attitude, the essence of which is that, whereas excessive debt is to be deplored, the blame for it lies with the lender, not the borrower.

Outside the advanced countries, there is a view that the world will return to pre crisis conditions, with a stable US that functions as borrower, lender, and consumer of last resort.

The difficulty of repossession (where did the borrower park the car?) and sale (the used car market is still in its infancy) meant that most of these bad loans had to be written off.

After the depreciation, the collateral, valued in dollars, is worth less. Loan covenants have likely been broken, and lenders begin demanding that the borrower either put up new collateral or deleverage and repay part of the loan.

As an immature creditor lender, the trade balance and current account are in surplus as well as a mature creditor lender, the trade balance returns to deficit finally, as a creditor borrower, the country s current account swings into deficit.

This creates a strong incentive to default, because mortgages in the US are effectively non recourse loans the creditor may take the property if the borrower doesn t pay, but cannot take other assets or a portion of wage income.

The idea is attractive, but it must be recognized that a joint guarantee implies that each of the participating countries will give their partners access to their own taxpayers, who may be required to stand in for a defaulting borrower.

Decree 78 2002 ND CP by the Government on credits for the poor and other policy entitlement groups stipulates that for a less than VND 10 million loan, the borrower needs only an application form and land use right certificate without collateral.

Under this type of credit facility, loans secured by the borrower's existing and future inventory and receivables are made from time to time at the request of the borrower to fund the borrower's working capital needs (see also A CN.9 WG.VI WP.11 Add.2, para. 12).

And it shall be, as with the people, so with the priest as with the servant, so with his master as with the maid, so with her mistress as with the buyer, so with the seller as with the lender, so with the borrower as with the taker of usury, so with the giver of usury to him.