Borrowing definition: Copy, customize, and use instantly
Introduction
The term "Borrowing" refers to the act of obtaining funds, property, or assets from another party with the obligation to return them, often with interest or under specified terms. It is crucial for defining financial obligations, setting repayment terms, and ensuring legal compliance in agreements.
Below are various examples of how "Borrowing" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Borrowing" as obtaining a loan
This definition ties "Borrowing" to the acquisition of funds through a loan agreement.
"Borrowing" means the act of obtaining funds from a lender, with the obligation to repay the amount borrowed along with any interest or fees as agreed upon in the loan agreement.
Definition of "Borrowing" as borrowing property
This definition connects "Borrowing" to the temporary acquisition of property or goods.
"Borrowing" refers to the temporary acquisition of property or goods with the intent to return them to the owner in the same condition, subject to any terms or conditions established by the owner.
Definition of "Borrowing" as corporate borrowing
This definition links "Borrowing" to a company's use of debt for financing purposes.
"Borrowing" means the act of a corporation or business entity obtaining capital or credit through loans, bonds, or other debt instruments to finance its operations, growth, or investments.
Definition of "Borrowing" as borrowing in the context of intellectual property
This definition applies "Borrowing" to the temporary use of intellectual property.
"Borrowing" refers to the temporary use or licensing of intellectual property, such as patents, trademarks, or copyrighted materials, with the understanding that the property will be returned or its use will be limited by the terms of the agreement.
Definition of "Borrowing" as borrowing for real estate
This definition applies "Borrowing" to obtaining funds for purchasing property.
"Borrowing" means securing a loan or other financial instruments to finance the purchase of real estate, with the obligation to repay the principal amount plus interest over the term of the loan.
Definition of "Borrowing" as personal borrowing
This definition ties "Borrowing" to an individual obtaining funds for personal use.
"Borrowing" means the act of an individual acquiring funds from a lender for personal expenses or needs, with the obligation to repay the loan according to the agreed terms.
Definition of "Borrowing" as borrowing funds for business expansion
This definition connects "Borrowing" to securing financial resources for business growth.
"Borrowing" refers to the act of acquiring funds, whether through loans, lines of credit, or other financial instruments, to expand or grow a business, with repayment obligations outlined in the borrowing agreement.
Definition of "Borrowing" as borrowing goods or equipment
This definition links "Borrowing" to the temporary use of goods or equipment.
"Borrowing" means the act of temporarily using goods, equipment, or machinery from another party with the obligation to return them by the end of the agreed-upon term, often without altering the condition of the items.
Definition of "Borrowing" as borrowing shares or securities
This definition applies "Borrowing" to the borrowing of financial securities.
"Borrowing" refers to the temporary acquisition of shares or securities for trading or investment purposes, typically under a securities lending agreement, with an obligation to return the borrowed items by a specified date.
Definition of "Borrowing" as government borrowing
This definition ties "Borrowing" to the actions of a government or state.
"Borrowing" means the process by which a government raises funds through the issuance of bonds, loans, or other debt instruments, with the responsibility to repay these amounts under terms agreed upon with investors or financial institutions.
Definition of "Borrowing" as a student loan borrowing
This definition connects "Borrowing" to acquiring funds for educational purposes.
"Borrowing" refers to obtaining funds through student loans or educational financing options to pay for tuition, fees, and other educational expenses, with the obligation to repay according to the terms of the loan.
Definition of "Borrowing" as borrowing to finance inventory
This definition applies "Borrowing" to obtaining funds for inventory procurement.
"Borrowing" means acquiring funds or credit to finance the purchase of inventory or goods for resale, with a commitment to repay the borrowed amount according to agreed-upon terms.
Definition of "Borrowing" as borrowing from a peer-to-peer lending platform
This definition ties "Borrowing" to securing funds through peer-to-peer lending.
"Borrowing" refers to the process of acquiring funds through a peer-to-peer lending platform, where individuals lend directly to borrowers, bypassing traditional financial institutions, with the obligation to repay as agreed.
Definition of "Borrowing" as borrowing under a credit agreement
This definition connects "Borrowing" to the terms of a credit agreement.
"Borrowing" means acquiring funds under a credit agreement, which specifies the amount, repayment schedule, interest rates, and other conditions under which the borrowed amount must be repaid.
Definition of "Borrowing" as a line of credit borrowing
This definition links "Borrowing" to the use of a line of credit.
"Borrowing" refers to the act of using a line of credit, which allows an individual or business to borrow up to a pre-approved credit limit, with the flexibility to withdraw and repay funds as needed.
Definition of "Borrowing" as borrowing against a life insurance policy
This definition applies "Borrowing" to obtaining funds from a life insurance policy.
"Borrowing" means obtaining funds through a loan against the cash value of a life insurance policy, with the understanding that the loan is repaid or deducted from the policy's death benefit if not repaid.
Definition of "Borrowing" as borrowing funds for working capital
This definition ties "Borrowing" to financing day-to-day operations.
"Borrowing" refers to securing loans or credit to finance a business's working capital needs, covering short-term obligations such as payroll, inventory purchases, and operational expenses.
Definition of "Borrowing" as borrowing for research and development
This definition connects "Borrowing" to funding for innovation.
"Borrowing" means obtaining financial resources to support research and development activities, with the responsibility to repay the borrowed funds as outlined in the borrowing agreement.
Definition of "Borrowing" as borrowing against real estate assets
This definition links "Borrowing" to using real estate as collateral.
"Borrowing" refers to obtaining funds by using real estate assets as collateral in a secured loan arrangement, with the understanding that the property may be foreclosed upon if the borrower fails to meet repayment obligations.
Definition of "Borrowing" as borrowing to finance acquisition
This definition applies "Borrowing" to funding acquisitions.
"Borrowing" means acquiring funds through loans, bonds, or other forms of borrowing to finance the acquisition of another business, property, or asset.
Definition of "Borrowing" as borrowing with interest
This definition ties "Borrowing" to the inclusion of interest in financial agreements.
"Borrowing" refers to obtaining funds or property with the obligation to repay the original amount plus interest, as specified in the terms of the agreement between the borrower and lender.
Definition of "Borrowing" as borrowing through a mortgage loan
This definition connects "Borrowing" to financing real estate purchases via mortgages.
"Borrowing" means the act of securing a loan from a lender, such as a bank or financial institution, to finance the purchase of real estate, with the property serving as collateral for the loan.
Definition of "Borrowing" as borrowing under a peer-to-peer lending model
This definition links "Borrowing" to a specific borrowing model.
"Borrowing" refers to obtaining funds through a peer-to-peer lending system, where funds are provided by individual lenders to borrowers, typically without the involvement of traditional financial institutions.
Definition of "Borrowing" as borrowing in the context of a joint venture
This definition applies "Borrowing" to obtaining funds in a partnership.
"Borrowing" means the act of acquiring capital or credit in a joint venture agreement to fund the operations, development, or expansion of the business venture, with the responsibility to repay the borrowed funds based on the terms of the agreement.
Definition of "Borrowing" as borrowing for capital investment
This definition ties "Borrowing" to acquiring funds for long-term investments.
"Borrowing" means securing financial resources through loans or debt instruments to finance capital investments, such as purchasing machinery, property, or other long-term assets, with a repayment plan outlined in the agreement.
Definition of "Borrowing" as borrowing for consumer goods
This definition connects "Borrowing" to the acquisition of consumer products.
"Borrowing" refers to the act of acquiring funds to purchase consumer goods or products, such as electronics, appliances, or vehicles, with the obligation to repay the amount borrowed over time.
Definition of "Borrowing" as borrowing for short-term needs
This definition links "Borrowing" to acquiring funds for immediate needs.
"Borrowing" means obtaining funds for short-term purposes, such as covering urgent expenses or bridging cash flow gaps, with a repayment schedule that is typically shorter in duration.
Definition of "Borrowing" as borrowing under a secured loan
This definition ties "Borrowing" to the use of collateral for obtaining funds.
"Borrowing" refers to acquiring funds through a secured loan, where the borrower pledges assets, such as property or equipment, as collateral to secure the loan, with the agreement that the assets may be seized if the loan is not repaid.
Definition of "Borrowing" as borrowing against future income
This definition connects "Borrowing" to securing funds based on expected earnings.
"Borrowing" means obtaining funds in advance against future income or earnings, with the obligation to repay the loan from the income generated within an agreed period.
Definition of "Borrowing" as borrowing for healthcare expenses
This definition links "Borrowing" to obtaining funds for medical costs.
"Borrowing" refers to acquiring financial assistance through loans or credit to cover healthcare expenses, such as medical bills or treatments, with repayment terms set according to the loan agreement.
Definition of "Borrowing" as borrowing for business operations
This definition applies "Borrowing" to securing funds for daily business needs.
"Borrowing" means obtaining funds to finance the ongoing operations of a business, such as paying for utilities, salaries, and day-to-day expenses, with the obligation to repay the loan under the agreed terms.
Definition of "Borrowing" as borrowing from a financial institution
This definition ties "Borrowing" to obtaining funds from a formal lender.
"Borrowing" refers to securing a loan or credit from a financial institution, such as a bank or credit union, where the borrower agrees to repay the borrowed amount, along with interest, in installments over time.
Definition of "Borrowing" as borrowing for a renovation project
This definition connects "Borrowing" to funding home or property improvements.
"Borrowing" means securing a loan or financial resources to fund renovation or remodeling projects, with repayment terms based on the amount borrowed and the agreed-upon schedule.
Definition of "Borrowing" as borrowing from a microfinance institution
This definition links "Borrowing" to acquiring funds from smaller financial entities.
"Borrowing" refers to obtaining small loans or credit from a microfinance institution, typically for individuals or small businesses, to support activities such as entrepreneurship or personal development, with manageable repayment terms.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.