noun the ability or capacity to borrow money or obtain credit
In real estate, borrowing power is crucial for individuals looking to secure a mortgage or loan to purchase a property.
In finance, borrowing power refers to an individual or entity's ability to borrow money from a lender based on their creditworthiness and financial situation.
In business, borrowing power can affect a company's ability to invest in growth opportunities or manage cash flow effectively.
In economics, borrowing power can impact a country's ability to finance government spending through borrowing from domestic or international sources.
Writers often borrow power from influential figures or historical events to enhance the impact of their storytelling. By drawing on the authority or significance of these sources, writers can make their narratives more compelling and engaging for readers.
Psychologists may use the concept of borrowing power to describe the ways in which individuals can adopt or emulate the behavior of others in order to achieve a desired outcome. This could involve taking on the characteristics or qualities of a successful person in order to boost one's own confidence and performance.
In the field of marketing, borrowing power refers to the practice of leveraging the reputation or credibility of a well-known brand or celebrity to promote a product or service. By associating a brand with a popular figure or recognizable symbol, marketers can increase consumer interest and trust in the product.
Politicians often borrow power from their party affiliation, endorsements from influential figures, or successful policies implemented by their predecessors. By aligning themselves with sources of authority and credibility, politicians can bolster their own image and appeal to voters.