Borrow

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Borrow

To obtain or receive money on loan with the promise or understanding that it will be repaid.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Borrow

To receive money from another party with the agreement that the money will be repaid. Most borrowers borrow at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for borrowing. Most loans also have a maturity date by which time the borrower must have repaid the loan. Borrowing occurs informally from family and friends, at the retail level through a bank, and also on a large scale involving governments and institutional investors.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved