Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “private lender”

private lender

noun [C]     FINANCE
a person or organization that lends money to people who are having difficulty getting loans , usually at a higher rate than a bank would charge : Many people are turning to small private lenders when the bank turns them down for a loan .
a private , not a government , organization that lends money : The Federal Housing Administration does not make loans ; it provides mortgage insurance to borrowers through a network of private lenders .
(Definition of private lender noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of private lender

Word of the Day


a situation in which two people are friends

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More