Borrowed Funds

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Borrowed Funds

Money one has received from another party with the agreement that it will be repaid. Most borrowed funds are repaid with interest, meaning the borrower pays a certain percentage of the principal amount to the lender as compensation for borrowing. Most borrowed funds also have a maturity date by which time the borrower must have repaid the loan. Borrowing and lending occur informally between family and friends, at the retail level through banks and on a large scale through governments and institutional investors.
References in classic literature ?
So long as I have not borrowed money from them, I need pay them no attention.
But Fred gives me his honor that he has never borrowed money on the pretence of any understanding about his uncle's land.
de Conde, always needy as a De Conde, often borrowed money at enormous interest.
His mother always looked down upon him after this; but borrowed money of him also--in order to show, I suppose, that her maternal interest in her son was not quite extinct.
The worst part is we have a Treasury that borrows and cannot put a finger on projects that the borrowed money financed.
Marvin Hensel, 57, said since being hired, Leah Caparida, 33, borrowed money from him for 21 times.
They hoped to corner the market, but the market collapsed, in part due to their using a lot of borrowed money, and wiped them out.
ONE In eight young people have borrowed money from companies, a study has found.
He and Sir John Hall bought the club on borrowed money for a pittance.
Loans can provide a much-needed financial relief when someone hits a rough patch, but when borrowed money is used to pay for an expensive holiday trip, throw a party or bring home a mini theatre he couldn't afford, the consumer may be setting himself up for a financial trouble.
The debt snowballed as he attempted to recover his losses, spending almost all of the borrowed money in casinos in Macao and Singapore, according to the prosecutors and the defendant's statements during the hearings.
Fifteen per cent of those surveyed said they had savings and did not need to borrow at present, while slightly more (16 per cent) said they had never borrowed money and never would.