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borrow

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

To receive money in exchange for a promise to repay the amount to the lender.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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