Definition of «additional borrowing»

"Additional borrowing" refers to the act of borrowing or taking out more money, typically from a lender or financial institution, on top of what has already been borrowed or lent previously. It means obtaining additional funds or extending one's debt beyond the existing amount.

Sentences with «additional borrowing»

The simple fact is that many people, even after receiving their financial aid, will have a gap and require some form of additional borrowing to cover the costs of higher education. (theloanforme.com)
Unlike a traditional home equity line of credit (HELOC), a reverse mortgage line of credit grows over time, giving the borrower additional borrowing capacity. (reverse.org)
Unlike a traditional home equity line of credit (HELOC), a reverse mortgage line of credit grows over time, giving the borrower additional borrowing capacity. (reverse.org)
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