from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun One who is not a
borrower, who does not borrow money.
from Wiktionary, Creative Commons Attribution/Share-Alike License
As an outgrowth of the foreclosure crisis, however, most lenders now recognize that many buyers/borrowers would simply put their parent or spouse on title after closing, which caused the lenders lots of problems when they wanted to foreclose on properties co-owned by a borrower and a nonborrower.