Meaning of “borrowing powers” in the English Dictionary

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"borrowing powers" in Business English

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borrowing powersnoun [ plural ]

uk us

FINANCE the right of a company or organization to borrow money to finance their activities:

The committee asked the Government to clarify what the Post Office's borrowing powers were following the agreement to give it greater commercial freedom.

(Definition of “borrowing powers” from the Cambridge Business English Dictionary © Cambridge University Press)