Student or Learner
What is the difference between the following two sentences:
1) Declining values for farm equipment and land, the collateral against which farmers borrow to get through the harvest season, are going to force many lenders to tighten or deny credit this spring.
2) Declining values for farm equipment and land, the collateral which farmers borrow against to get through the harvest season, are going to force many lenders to tighten or deny credit this spring.
My guess they both mean the same; however, "the collateral against which farmers borrow" sounds awkward to me, yet it seems to be grammatically correct. Can someone help me understand the kind of sentence construction, specifically the part that's mentioned, for sentence #1?
Thanks in advance!
They are both correct, but some people remember being taught a "rule" (that is without foundation) about not ending a sentence with a preposition. These people would not write "Collateral is what you borrow money against." They would write something awkward, like "Collateral is that which against you borrow money." (You can see with this alleged rule is ridiculous, can't you?)
This prohibition for some people extends to embedded clauses, so that's why you'll see things like "against which they borrow."
Go with what reads more smoothly to you.