What context can I use each word in?
Learn when and how to use these words with these examples!
borrower
Example
The borrower requested a loan from the bank to start a new business. [borrower: noun]
Example
She is a responsible borrower and always pays back her debts on time. [borrower: adjective]
obligor
Example
The obligor failed to meet the payment deadline for the loan. [obligor: noun]
Example
As an obligor, it is important to fulfill your contractual obligations. [obligor: adjective]
Good things to know
Which word is more common?
Borrower is more commonly used in everyday language, while obligor is more commonly used in legal and financial contexts.
Whatโs the difference in the tone of formality between borrower and obligor?
Obligor carries a more formal tone due to its legal and financial associations, while borrower is more neutral in connotation and can be used in both formal and informal contexts.
