Loans Glossary - Intermediary

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Loans Glossary

Intermediary

What is Intermediary?

Intermediary is also called middle man, can be called any person or company who is a bridge between two different parties. Intermediary usually sets up the deal or gives advice.

For example your taking out a loan from the bank and the bank clerk is the intermediary because he arranges for you to get the money what you need and he also arranges for the loaner to gain interest with his money trusted to the bank.

Interest

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