borrowing (finance) - Hutchinson encyclopedia article about borrowing (finance) Printer Friendly
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borrowing (finance)

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borrowing

In finance, receiving money on loan. Companies borrow money in a variety of ways, including loans and overdrafts from banks and other lending institutions, bills of exchange, debentures, and trade credits. Individuals can borrow typically through loans, overdrafts, mortgages on property, credit cards, and hire purchase.
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