What is BORROWING POWERS?

The ability to borrow more funds. A person or company with a great deal in assets and little in debt is likely to have greater borrowing power than a person or company in the opposite position.

More On This Topic



Link to This Definition

Did you find this definition of BORROWING POWERS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary