Pronunciation: /ˈbɑroʊɪŋ ˈpaʊər/
noun the ability or capacity to borrow money or obtain credit
A1 Borrowing power is the ability to borrow money from a bank or financial institution.
A2 Understanding your borrowing power is important before applying for a loan.
B1 His borrowing power was limited due to his low credit score.
B2 The bank increased her borrowing power after she paid off her existing debts.
C1 Financial advisors often help clients maximize their borrowing power while minimizing risks.
C2 The government's borrowing power is crucial for funding large infrastructure projects.
formal The bank assesses your borrowing power before approving a loan.
informal I need to figure out my borrowing power before applying for a mortgage.
slang My borrowing power is pretty low right now, so I can't afford to buy a new car.
figurative In negotiations, it's important to understand the other party's borrowing power to leverage your position.
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