resolution to borrow

  

Definition

Authority granted to the officers of a firm, through a resolution passed to the effect by the stockholders (shareholders), to put the firm into debt. Most lenders usually provide a pro forma resolution which the borrower completes and signs.

News containing the term resolution to borrow

Loading...



http://www.businessdictionary.com/definition/resolution-to-borrow.html


Enter your email address to get our free Term of the Day newsletter!

Nearby Terms

Popular 'Accounting & Auditing' Terms

Search volume for resolution to borrow

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z