borrow against

borrow against
UK US borrow against
Phrasal Verb with borrow({{}}/ˈbɒrəʊ/ verb [I or T]
[I or T] FINANCE, BANKING to borrow money and agree to give valuable property to the organization who has lent it to you if you fail to pay it back: »

They borrowed against their stock portfolio so they could buy 36 acres from a local farmer.

»

They borrowed £55,000 against the property, then valued at £225,000.


Financial and business terms. 2012.

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Look at other dictionaries:

  • against — a|gainst W1S1 [əˈgenst, əˈgeınst US əˈgenst] prep [Date: 1300 1400; Origin: againes against (11 16 centuries), from again] 1.) a) used to say that someone opposes or disagrees with something ▪ Every council member voted against the proposal. ▪… …   Dictionary of contemporary English

  • against — preposition 1 opposed to or disagreeing with an idea, belief, proposal etc: votes for and against the motion | It s against my principles to borrow money. | Several members spoke against the proposal. | be against sth: I m against all forms of… …   Longman dictionary of contemporary English

  • borrow — verb 1》 take and use (something belonging to someone else) with the intention of returning it.     ↘take and use (money) from a person or bank under agreement to pay it back later. 2》 Golf allow (a certain distance) when playing a shot to… …   English new terms dictionary

  • borrow — / bɒrəυ/ verb 1. to take money from someone for a time, possibly paying interest for it, and repaying it at the end of the period ● She borrowed £1,000 from the bank. ● The company had to borrow heavily to repay its debts. ● They borrowed £25,000 …   Dictionary of banking and finance

  • George Borrow — Infobox Person name = George Henry Borrow image size = 200px caption = 1851 engraving birth date = 5 July 1803 birth place = East Dereham, Norfolk death date = 26 July 1881 death place = Oulton Broad, Suffolk occupation = author spouse = Mary… …   Wikipedia

  • Beg, Borrow & Deal — infobox television show name = Beg, Borrow Deal imagebg = caption = format = Reality TV runtime = 60 minutes rating = TV PG creator = developer = starring = Rich Eisen (season 1), Summer Sanders (season 2) executive producer = Michael Mandt Neil… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • USURY — Biblical Law SOURCES If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor (nosheh), neither shall ye lay upon him interest (Ex. 22:24). And if thy brother be waxen poor and his means fail with …   Encyclopedia of Judaism

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  • Home equity loan — A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home… …   Wikipedia

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