Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'lender'?

A. party to a contract with whom one negotiates on a given agreement
B. legal agent designated by some party to represent them and act on their behalf under a formal agency agreement
C. a party that extends credit or money to a borrower with the expectation of being repaid, usually with interest
D. party that originates a contract and is identified as the first party to that contract, in the event that the contract distinguishes any party as such

Answer: a party that extends credit or money to a borrower with the expectation of being repaid, usually with interest