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Business Dictionary :
Borrow
Borrow
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Borrow : verb : to take money from someone for a time possibly paying interest for it and repaying it at the end of the period
• He borrowed £1,000 from the bank.
• The company had to borrow heavily to repay its debts.
• They borrowed £25,000 against the security of the factory.
• To borrow short or long = to borrow for a short or long period
Borrower : noun : person who borrows
• Borrowers from the bank pay 12% interest.
Borrowing : noun : Action of borrowing money
• The new factory was financed by bank borrowing.
Borrowing Power = amount of money which a company can borrow
Borrowings = money borrowed
• The company's borrowings have doubled.
Bank Borrowings = loans made by banks
