Borrowing: Difference between revisions
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imported>Doug Williamson (Create page. Sources: Linked pages.) |
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Revision as of 13:49, 28 September 2022
Lending - loans - liabilities.
A borrowing is a loan viewed from the perspective of the party that initially receives the amount advanced by way of a loan - or other credit facility.
The party receiving money - or other forms of credit - initially is the borrower.
The borrower has a liability to repay the lender on the terms agreed in the borrowing facility.
