Definition, Meaning & Synonyms
loanee
noun
/loʊˈiːni/
Definition
A person or entity that receives a loan from a lender.
Examples
- The loanee must make timely payments to avoid penalties.
- As a loanee, it’s important to understand the loan terms before signing.
- The bank will assess the loanee’s creditworthiness.
Meaning
The term refers to anyone who accepts borrowed money and is obligated to pay it back under specific terms.
Synonyms
- borrower
- debtor
- recipient
