Lending refers to the act of providing resources, typically money, to an individual or organization with the expectation that the borrowed amount will be repaid, usually with interest, over a specified period. It involves a lender, who offers the funds, and a borrower, who receives them, often under an agreed-upon set of terms and conditions. Lending can take various forms, including personal loans, mortgages, business loans, and credit lines, and can occur through traditional financial institutions such as banks, as well as alternative sources like peer-to-peer lending platforms. The process is governed by legal agreements that define the obligations of both parties, including repayment schedules and interest rates. Lending plays a crucial role in the economy by facilitating access to capital for individuals and businesses, enabling investment, consumption, and growth.