cost of borrowing
noun [S]Definition
› ECONOMICS, FINANCE interest and other charges that have to be paid when you borrow money: raise/increase/drive up the cost of borrowing In November last year, the central bank raised the cost of borrowing to 3.75%. cut/reduce/lower the cost of borrowing The Fed may have to cut the cost of borrowing to stimulate economic growth.an increase/a rise in the cost of borrowing A further increase in the cost of borrowing might trigger a market crash. For those who can secure mortgages, the cost of borrowing is now lower than it has been for several years.
(Definition of cost of borrowing noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
throw caution to the wind/winds
to do something without worrying about the risk or negative results
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
