Definition, Meaning & Synonyms
borrowing
Noun
/ˈbɔːroʊɪŋ/
Definition
The act of obtaining something, usually money or goods, with the intention of returning it or its equivalent after a period of time.
Examples
- The borrowing of books from the library is encouraged among students.
- He faced challenges in managing his borrowing for personal loans.
- In business, borrowing is often essential for expansion and growth.
Meaning
Borrowing refers to the process in which a person, organization, or entity takes something temporarily from another party. It often involves a promise to return the item, or to pay back the funds, at a later date.
Synonyms
- Loaning
- Debt
- Financing
