What do you call a person who gets a loan?

Someone who receives money in exchange for a promise to pay it back later is called a borrower1, and the person making the loan is the lender: A person that has applied, met specific requirements, and received a monetary loan from a lender. Someone who receives money in exchange for equity is called an investee1.

What kind of loan is a call money loan?

Call money is a short-term, interest-paying loan from one to 14 days made by a financial institution to another financial institution. Due to the short term nature of the loan, it does not feature regular principal and interest payments, which longer-term loans might.

What do you call someone who invests money in a company?

A person that has applied, met specific requirements, and received a monetary loan from a lender. Someone who receives money in exchange for equity is called an investee 1, and the person investing the money is called an investor. A company or entity in which an investor makes a direct investment.

What happens when you loan money to someone?

Another consideration is the tax consequence of a loan. If you receive interest from the loan, that is income and must be claimed on your taxes. If you do not get repaid, the money might be considered a gift to the other person, and both you and they may have to account for it in your taxes if over a certain dollar amount threshold.

What do you call a person who is only after money?

5 Answers You can call such an individual a gold digger. This term usually refers to a woman who marries a man not so much for love, but mainly because of his money. You could call him a cheapskate, megalomaniac, millionaire, wannabe an so on. A Scrooge is one among many. Money hungry or gold digger

What do you call someone who either borrows money, or receives equity funding?

What do you call someone who either borrows money, or receives equity funding? Someone who lends money, or otherwise purchases equity, is called an investor. The money he is spending are his investments.

What do you mean by private money loan?

Private money loans – or simply private money – is a term used to describe a loan that is given to an individual or company by a private organization or even a wealthy individual. The organization or the individual is known as a private money lender. Private money is usually offered to borrowers without the traditional qualification guidelines …