The act of borrowing money or the amount of money that a person, company, government, etc. borrows:
- Deficit spending and foreign borrowing are reaching levels that could threaten the nation's future growth.
- Credit card borrowing was down £400,000 in November.
- short-term/medium-term/long-term borrowing An overdraft is not suitable for long-term borrowing.
- reduce/cut/control borrowing Government debt interest is projected to flatten out as borrowing is reduced.
- increase/encourage borrowing Low interest rates encourage borrowing, thereby stimulating demand for goods.
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