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![Writing of the Declaration of Independence](https://static.wixstatic.com/media/acf582_3947857b42804375adefbacee2e6b954.jpg/v1/fill/w_350,h_350,al_c,q_80,usm_0.66_1.00_0.01,enc_auto/acf582_3947857b42804375adefbacee2e6b954.jpg)
Borrowing Authority
The term borrowing authority refers to the legal authority to borrow money or to subject an entity to a financial obligation.
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The term borrowing authority refers to the legal authority to borrow money or to subject an entity to a financial obligation.