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.
He was at home again, incognito and rich; presently he could enter his father's house by means of the pass-key, which he had piously preserved through all his wanderings; he would throw down the borrowed money; there would be a reconciliation, the details of which he frequently arranged; and he saw himself, during the next month, made welcome in many stately houses at many frigid dinner-parties, taking his share in the conversation with the freedom of the man and the traveller, and laying down the law upon finance with the authority of the successful investor.
We as a country went on without a constitution for years and people adopted the culture of lavish lifestyle on foreign aid and borrowed money from foreign financial institutions.
Nearly a quarter of Scots have borrowed money from family and friends just to cover day-to-day living costs, according to new research.
Minority leader in the National Assembly John Mbadi said the Treasury had a bigger responsibility of ensuring that borrowed money is put on projects that ensure economic growth.
Vulnerable consumers borrowed money from him at extortionate rates, secured against their homes, and he sued for possession when they fell behind with payments.
Assistant Superintendent for Business Operations Mike Engel said the borrowed money would pay for completing the district's solar project, replacing three boilers at the O'Plaine campus, getting a new roof at the Almond campus, repairing parking lots at both campuses, enhancing the school's safety and addressing concerns identified in a 2016 health and life safety study.
Solmerin added that the new multi-millionaire also borrowed money for the fare of a relative that he took along with him to claim his prize.
We have learned that he even borrowed money for his trip to Manila)