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English definition of “borrow against”

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.
(Definition of borrow against from the Cambridge Business English Dictionary © Cambridge University Press)
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