Borrow

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Borrow

To obtain or receive money on loan with the promise or understanding that it will be repaid.

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.
References in periodicals archive ?
In bilateral sources, Pakistan has borrowed $54.24 million from China.
The total amount borrowed for budgetary support in 2017-18 amounted to Rs1,110bn, which is just slightly above the latest 10-month figures.
class="MsoNormalspan xml:lang="EN-GBHere's an example: In November, as a silver-status member, I borrowed Sh7,000 and paid it back with an interest of Sh770 that's a rate of 11 per cent.
Also high on the list was Swansea City and County Council which borrowed PS203.6m as well as Wrexham County Borough Council which borrowed PS177.4m.
$320 million were borrowed from commercial banks, $230 million from China and $70 million from Islamic Development Bank.
He said the Federal Government was inevitably financing the nation's budget through a deficit in view of the crises in the economy, and that the nation should not have borrowed if it had a balanced budget.
Despite heavy borrowing from the central bank in 2016-17, the government borrowed Rs361bn from scheduled banks.
However, in the case of Saudi Arabia, although the sovereign did liquidate some assets, S&P estimates that the government also borrowed $26bn equivalent in 2015.
Shura Council financial and economic affairs committee chairman Khalid Al Maskati urged members to approve the increased borrowing limit, saying that it would be illogical to reject it now since the money has been already borrowed and spent.
India borrowed around 65 per cent of its full year needs during the first half of 2013/14.
Borrowing would be through the Public Works Loan Board (PWLB) to achieve the best rate of interest on the capital borrowed (currently 2.5 % to 3%).
The government of South Korea has borrowed record amounts from the central bank, the apex bank said.