borrow against Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “borrow against” in the English Dictionary

"borrow against" in Business English

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borrow against

phrasal verb with borrow uk   us   /ˈbɒrəʊ/ verb [I or T]
[I or T] FINANCE, BANKING to ​borrowmoney and ​agree to give ​valuableproperty to the ​organization who has ​lent it to you if you ​fail to ​pay it back: They ​borrowed against their ​stockportfolio so they could ​buy 36 ​acres from a ​localfarmer. 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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