maiabulela
Senior Member
- Joined
- Dec 17, 2009
- Member Type
- Other
- Native Language
- Arabic
- Home Country
- Egypt
- Current Location
- Egypt
Dear all,
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.
Thanks.
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.
Thanks.