Borrowed Funds

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 periodicals archive ?
The Government has changed the provisions of Real Estate and Mortgage Registers, which will allow individuals to purchase real estate from borrowed funds through borrowed funds.
The Minority, at a press conference, had sought to create the impression that the NPP government had borrowed funds in excess of S80 billion since the party assumed office in January 2017.
While some argue the borrowed funds are channelled towards development spending on projects expected to eventually pay off by sparking faster economic growth, there has not been an increase in public debt to GDP resulting in increased GDP growth.
'We want a situation in which borrowed funds are quickly used to execute projects that have the capacity to generate income.
The main investment resources in transport and warehousing were the businesses' own funds (34 percent of the total investment portfolio of the industry), borrowed funds (28.8 percent) and the national budget (18.6 percent).
Mallya, who is wanted in India in a bank fraud case, also claimed that he provided all the detailed statements on the utilisation of all borrowed funds to the CBI.
"Development spending is decreasing significantly yet borrowing has increased substantially, raising concerns that borrowed funds could be used to fund recurrent expenditure," PBO has said in a report to MPs.
Interest expense on borrowed funds increased $366,000 for the fourth quarter of 2017 due to an increase in the average cost of borrowed funds to 1.33% in the fourth quarter of 2017 from 54 basis points in the fourth quarter of 2016, as well as an increase of $23.1 million in the average balance of borrowed funds for the fourth quarter of 2017.
The company said the borrowed funds will provide added financial flexibility and facilitate execution of its corporate strategy.
In case of repo, banks keep G-secs equal to their borrowed funds with the RBI.
The borrowed funds have been returned by the companies.
The service said that at the same time the borrowed funds fell by 51 billion KZT (6.3 percent).