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It is his money and hence his property. He permitted you to use it for some time and hence you have to return his property on expiry of the agreed time.
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∙ 11y ago
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What are the advantages of borrowing?
If someone borrows your money, you can charge them interest depending on how much they borrowed, and how long it takes them to pay it back.
What are interest rate?
Extra money you pay back for the priveledge of borrowing it.
What is borrowing money?
borrowing money is when you ask somebody to politely lend you a few dollars or even a wad of money, until you pay them back without interest.
Tell you 2 disadvantages of borrowing money?
1) if you cannot pay it back the lender is out of pocket. 2) you then owe that person and all extra money you have until you pay them back belongs to them. borrowing can be okay if the amount is under about £10 though
What is the money called that one has to pay back to someone?
When you pay someone back you are usually giving them money back, you are repaying that person.
Borrowing money and now they are deceased to you have to pay back the estate.?
You still owed the money. The executor can ask you to pay back the loan. They can also credit it to any inheritence you may receive.
What is the value of borrowing money?
There is no value of borrowing money. After all, you have to pay it back and often twice or 3 times as much as you originally borowed, but people do this because they want to buy (f.e a car) fast, and they can not wait to get their money by working. ^_^
What is an example of congress's borrowing power?
Money borrowed to pay for government expenses such as police, teachers, emergencies. Money which eventually will be paid back by taxes.
What is the average return for a lender?
It all depends on the member/members who is/are borrowing the money. If a member does not pay back the money, that money is lost along with some of the interest you would be getting.
What is Is the percentage of interest you must pay for borrowing money.?
The Intest rate
How can the treasury pay back money owed for money made by the federal reserve?
over a long time! Stop borrowing and not going to war PS Sorry made a typo
What is a loan repayment plan?
Whenever you take out a loan, you are borrowing someone else's money. Whatever you borrow, you are expected to pay back. A repayment plan is a plan about how much you will pay back a month, and for how long. Say if you take out a 1,000 loan. Your repayment plan could be you paying 100 a month for 10 months.
