InvestorWords.com

borrow


Definition

To receive something of value with the promise of giving something of (usually greater) value at some point in the future.

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How Non-Recourse Debt Can Be Safe and Recourse Debt Can Be DangerousLeverage does not have to be dangerous. Non-recourse debt on an asset can serve to make a large purchase more affordable. Taking out a non-recourse loan on an already owned asset can actually reduce r ... Read more


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