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What else can I help you with?
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.
Can you borrow money from an IRA and pay it back?
No, you cannot borrow money from an IRA and pay it back. IRAs are designed for long-term retirement savings and do not allow for loans or borrowing against the funds.
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.
Are bonds a form of borrowing?
Yes, bonds are a form of borrowing for companies or governments. When an entity issues a bond, they are essentially borrowing money from investors and agreeing to pay back the principal amount with interest at a later date.
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.
Is it illegal to not pay someone back?
Failing to repay a debt is not typically illegal, but it can lead to civil consequences such as being sued in court. However, borrowing money with no intention of repaying it could be considered fraud, which is illegal.
