- 1 Post By riquecohen
What is the meaning of "to borrow" against"? I know that we borrow "from" not against. I haven't found it, and it's always related to "life insurance"!
Here is the sentence in hand"
[In order to pay their associates, they have to borrow against the life insurance policy.]
I don't know. Does it mean "to withdraw money" but then it's considered an asset, it's not a bank account.
Re: borrow against
Borrowing against Life Insurance, Loan Information It means that you can use it as collateral for a loan. You can also borrow against your car. When you borrow against your house, it's called a home equity loan.
Originally Posted by maiabulela
By Will17 in forum Ask a Teacher
Last Post: 19-Oct-2010, 15:29
By sitifan in forum Ask a Teacher
Last Post: 25-Apr-2010, 12:09
By Gus_op in forum Ask a Teacher
Last Post: 29-Jan-2009, 03:38
By Lenka in forum Ask a Teacher
Last Post: 18-Jun-2007, 18:26
By kahhong in forum Ask a Teacher
Last Post: 22-May-2006, 16:41
Search Engine Optimization by vBSEO