cost of borrowing Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “cost of borrowing” in the English Dictionary

"cost of borrowing" in Business English

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cost of borrowingnoun [S]

uk   us  
ECONOMICS, FINANCE interest and other ​charges that have to be ​paid when you ​borrowmoney: raise/increase/drive up the cost of borrowing In November last ​year, the ​centralbankraised 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 ​ increase/a rise in the cost of borrowing A further ​increase in the ​cost of ​borrowing might ​trigger a ​marketcrash. For those who can ​securemortgages, the ​cost of ​borrowing is now ​lower than it has been for several ​years.
(Definition of cost of borrowing from the Cambridge Business English Dictionary © Cambridge University Press)
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