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RBA Glossary definition for borrower

borrower – A person or entity that incurs a debt to a lender on agreed terms.

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Summary and Conclusions

1 Jun 1992 RDP 9206
Philip Lowe and Thomas Rohling
The incidence of these information costs falls on the borrower in terms of upfront fees and search costs. ... Evidence from the standard or most commonly charged rate to small business borrowers suggests some interest rate stickiness.
https://www.rba.gov.au/publications/rdp/1992/9206/summary-and-conclusions.html

Appendix 1: Data

1 Jun 1992 RDP 9206
Philip Lowe and Thomas Rohling
iii) Reference Rate for Large Borrowers. The National Australia Bank Benchmark Rate applies to the Corporate Clients accounts. ... iv) Reference Rate for Small Borrowers. The National Australia Base Rate applies to the retail and commercial accounts.
https://www.rba.gov.au/publications/rdp/1992/9206/appendix-1.html

Tests of Loan Rate Stickiness

1 Jun 1992 RDP 9206
Philip Lowe and Thomas Rohling
All these various costs make it a costly exercise for the borrower to switch banks. ... The standard rate is the rate applicable to the bank's average small business borrowers.
https://www.rba.gov.au/publications/rdp/1992/9206/tests-of-loan-rate-stickiness.html

Theories of Loan Rate Stickiness

1 Jun 1992 RDP 9206
Philip Lowe and Thomas Rohling
For the first class of borrower (such as governments), the probability of default is zero, while for the second class of borrowers, the probability of default is positive and increasing in ... Given that the borrower is risk averse, she prefers stable
https://www.rba.gov.au/publications/rdp/1992/9206/theories-of-loan-rate-stickiness.html