Definition, Meaning & Synonyms
borrowed-money
noun
/ˈbɔːroʊd ˈmʌni/
Definition
Money that is lent to someone with the expectation that it will be paid back, typically with interest.
Examples
- Many students rely on borrowed money to finance their education.
- It’s crucial to understand the terms before taking on borrowed money.
- The company used borrowed money to expand its operations.
Meaning
Borrowed money refers to funds that an individual or entity obtains from a lender with the obligation to return the principal amount along with any agreed-upon interest.
Synonyms
- loaned funds
- debt
- credit
- financing
