| This type of insurance protects the lender in the event the borrower is unable to repay the loan. |
| This transborder financial instrument is thereby different from a foreign bond, which is handled in one country for an external borrower. |
| Invariably the borrower itself will be expressly prohibited from assigning its rights, notably its right to make further draw-downs. |
| Whereas a payday loan borrower always has the protection of declaring bankruptcy, he has no such option in the face of a surly loan shark. |
| The total fees are typically up front moneys paid by the borrower to the Lender or Mortgage Broker or both. |
| He was a great borrower, but he didn't borrow like a plagiarist, he borrowed to change things according to his need. |
