NYT Crossword Clue Something Extended to a Borrower Solution April 2, 2024

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The New York Times crossword is one of the most challenging puzzles in the world. It requires a combination of deductive thinking, pattern recognition and creative problem solving skills.From the excitement of figuring out a clever pun to the joy of getting through a particularly difficult section, the process of solving the crossword is full of triumph and surprises.

The clue for today as of April 2, 2024 is Something Extended to a Borrower

Let’s break the clue in order to simplify and find the answer easily.

Something: is a pronoun used to refer to an unspecified object

Extended:indicates expansion or elongation beyond what is typical or initial.

Borrower: is an individual, organization, or entity that receives or takes something, usually money, goods, or property, from another party with the intention of returning it at a later date.

Hints

• It is 12 letter word that starts with ‘L’ and ends with ‘T’

• Flexible financial lifeline for borrowers
• Borrowing privilege with a limit
• Access to funds as needed
• Flexible borrowing arrangement
• On-demand credit facility
• Revolving account for cash needs

Answer

The right answer is LINE OF CREDIT

Explanation

The clue "Something Extended to Borrower" suggests a financial arrangement where a borrower is granted access to a predetermined amount of funds, which they can draw upon as needed. This fits the definition of a "line of credit."

A line of credit is a type of loan that allows individuals or businesses to borrow money up to a certain limit, typically based on factors such as creditworthiness and income. Unlike a traditional loan where the borrower receives a lump sum upfront and repays it in installments, a line of credit provides flexibility in borrowing and repayment. Borrowers can access funds as needed, up to the maximum limit, and interest is only charged on the amount borrowed.

Therefore, the clue "Something Extended to Borrower" aptly describes a line of credit, as it refers to a financial arrangement where funds are made available to a borrower for their use over a specified period.