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LSDefine
Simple English definitions for legal terms
borrow
Read a random definition: security grading
A quick definition of borrow:
Borrow: To temporarily use something that belongs to someone else. It can also mean receiving money with the agreement that it must be paid back, usually with extra money added on top. This is called a loan.
A more thorough explanation:
borrow (noun): A type of legal agreement in which a group of people (called a frankpledge) agree to be responsible for each other's behavior and debts. This term can also be spelled as "borgh" or "borh". See also: decenary, frankpledge.
borrow (verb):
- To take something from someone else for a temporary period of time.
- To receive money from someone with the understanding that it must be paid back, usually with interest. See also: loan.
borrow (verb):
- Can I borrow your pen for a moment?
- I had to borrow some money from my parents to pay for my car repairs.
In the first example, someone is asking to borrow a pen from someone else for a short period of time. In the second example, someone needed to borrow money from their parents to pay for a car repair. In both cases, the person taking the item or money intends to return it or pay it back.