Phrases with «backdoor borrowing»

"Backdoor borrowing" refers to obtaining a loan or borrowing money from an alternative or unconventional source, typically done when the traditional channels of borrowing, such as banks, are not readily available or suitable. It implies finding an alternative way to borrow money. Full definition

Sentences with «backdoor borrowing»

  • The board will also vote on allowing $ 210 million in backdoor borrowing by the Dormitory Authority for that same program. (empirecenter.org)
  • The rest consists of non-voter approved backdoor borrowing — which, in addition to economic development, includes another $ 1.2 billion for a new healthcare - related Capital Restructuring Financing Program, $ 940 million for higher education, $ 714 million for transportation, $ 396 million for state facilities, $ 168 million for parks and the environment, $ 154 million for housing and $ 60 million for other purposes. (empirecenter.org)
  • The state should ban «backdoor borrowing practices» with the state the second most indebted since California. (nystateofpolitics.com)
  • (see all sentences)
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