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Borrowing (1)
BORROWING (1)

Definition: The money that a company, an organization or a person borrows; the act of borrowing money.
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* This is about the money !

* All eight elements are in.


1. Purposeful - to pay debts, expand business, seed money, etc.

2. Necessary. That is, decision to go seek financial help is well considered. In other words, borrowing is planned. (Connect to #1.)

3. In exactitude. That is, amount, form, time, etc., are as planned for by the borrower.
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Quote: "If you would know the value of money, go try borrow some; for he that goes a-borrowing goes a-sorrowing". - Benjamin Franklin.
Below the Line
4. Condition(s), if any, attached to loan are accepted by borrower.
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Quote: "Live within your income, even if you have to borrow money to do so". - Josh Billings.



further below the line


5. Borrowed money is used or invested appropriately.

6. (Reserved.)
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Quote: "He who borrows sells his freedom". - German proverb.



much further below the line


7. Money gotten on loan serves purpose(s).
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Quote: "Creditors have better memories than debtors". - Proverb.

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