authorized to borrow

USAGE SUMMARY

The phrase "authorized to borrow" is correct and usable in written English.
It can be used in contexts where permission or approval is granted to take or use something, typically in a financial or legal sense. Example: "The committee has authorized the finance department to borrow funds for the new project."

✓ Grammatically correct

News & Media

Formal & Business

Academia

Human-verified examples from authoritative sources

Exact Expressions

11 human-written examples

If things get really bad, the city is still authorized to borrow another half a billion dollars this year.

The New York Times

A separate entity, the European Financial Stability Facility, is authorized to borrow up to 440 billion euros, backed by euro zone governments.

The New York Times

The NFIP is only authorized to borrow up to about $30 billion, meaning the agency could hit its limit after all the Harvey claims come in.

The Washington Post

Under the 2010 budget, the Finance Ministry is authorized to borrow $17.8 billion, but analysts say it will actually borrow less if the price of oil, a major Russian export, remains high.

The New York Times

Lenders will suffer losses, and some banks may need more bailouts, which Europe will pay for through a collective fund that will be authorized to borrow money backed by European states individually and collectively.

The New York Times

Under the agreed-upon plan, the state would be authorized to borrow $1.5 billion to $2 billion over the next three years, according to forecasts provided by the governor's office and the Senate.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

49 human-written examples

The White House has said it would not negotiate spending cuts in exchange for Congressional authority to borrow more, and it has insisted that Congress raise the ceiling as a matter of course, to cover expenses already authorized by Congress.

The New York Times

If President Obama spends what the law orders him to spend and collects the taxes Congress has authorized him to collect, then he must borrow more than Congress has authorized him to borrow.

The New York Times

Instead they authorized colleges to borrow against the expected state payments.

The New York Times

Given that the federal government was unwilling to fund militia not under its control, the legislature authorized Strong to borrow money to fund a major expansion of the militia, but most of the funds acquired were spent improving Boston's defenses.

Wikipedia

Instead, the bill now authorizes regulators to borrow the needed cash from the Treasury to be paid back later, mainly by selling off assets of the failed firm.

The New York Times

Expert writing Tips

Best practice

When using "authorized to borrow", ensure that the entity granting the authorization is clearly identified to avoid ambiguity about the source of authority.

Common error

Avoid implying that being "authorized to borrow" creates an obligation to borrow. Authorization simply grants permission; it doesn't mandate the action.

Linguistic Context

The phrase "authorized to borrow" functions as a descriptive phrase indicating that an entity has been granted the official right or permission to take out a loan or acquire funds. It describes a state of being permitted or empowered. As Ludwig AI confirms, the phrase follows standard grammar rules.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Formal & Business

20%

Academia

10%

Less common in

Wiki

10%

Science

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "authorized to borrow" is grammatically sound and indicates official permission to take out funds, as confirmed by Ludwig AI. It appears most frequently in News & Media, Formal & Business, and Academic contexts. Usage tips include clearly identifying the authorizing entity and avoiding implications of obligatory borrowing. Related phrases include "permitted to borrow" and "allowed to borrow", which offer slightly different nuances. The phrase functions descriptively, conveys legitimacy, and is generally neutral to formal in register. Overall, "authorized to borrow" is a well-established phrase with clear and specific implications in financial and legal discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

approved to borrow

Simple substitution of "authorized" with "approved" keeping same meaning

permitted to borrow

Replaces "authorized" with "permitted", indicating allowance rather than formal approval.

allowed to borrow

Uses "allowed" instead of "authorized", suggesting a more general form of permission.

given the authority to borrow

Rephrases to explicitly state that authority has been given.

entitled to borrow

Emphasizes the right or entitlement to borrow, rather than just permission.

empowered to borrow

Highlights the granting of power or authority specifically for borrowing.

sanctioned to borrow

Replaces "authorized" with "sanctioned", implying official approval or endorsement.

cleared to borrow

Indicates that all necessary clearances and approvals have been obtained for borrowing.

licensed to borrow

Suggests that a license or formal permission is required to borrow.

given leave to borrow

Uses "given leave" to indicate that permission to borrow has been granted.

FAQs

What does it mean to be "authorized to borrow"?

Being "authorized to borrow" means having the official permission or legal right to take out a loan or acquire funds from a lender. This authorization typically comes from a governing body, institution, or contract.

How is "authorized to borrow" different from "allowed to borrow"?

"Authorized to borrow" suggests a more formal and official permission, often granted by a legal or governing body. "Allowed to borrow" implies a more general or informal permission.

What are some alternatives to saying "authorized to borrow"?

You can use phrases such as "permitted to borrow", "entitled to borrow", or "empowered to borrow" depending on the specific context and the nuance you want to convey.

Who typically grants the authorization "to borrow"?

The authority to grant authorization "to borrow" depends on the context. It can be a legislative body (like Congress), a board of directors, a financial institution, or a designated individual with the appropriate power.