Definition, Meaning & Synonyms
borrow-money
verb phrase
/ˈbɔːroʊ ˈmʌni/
Definition
The act of obtaining money from an individual or institution with the understanding that it will be paid back, often with interest.
Examples
- I need to borrow money to pay for my tuition.
- She borrowed money from her friend to buy a new phone.
- He’s considering borrowing money from the bank for his business.
Meaning
To borrow money means to temporarily receive funds from someone or a financial institution to fulfill a need or obligation, under the agreement that it will be returned later, typically with added interest.
Synonyms
- loan
- obtain funds
- secure financing
