Backdoor Borrowing

Business, Legal & Accounting Glossary

Definition: Backdoor Borrowing


Backdoor Borrowing


Full Definition of Backdoor Borrowing


The government practice of issuing debt instruments without voter approval, often to get around legislatively enacted debt restrictions.


Cite Term


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https://payrollheaven.com/define/backdoor-borrowing/
Modern Language Association (MLA):
Backdoor Borrowing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/backdoor-borrowing/.
Chicago Manual of Style (CMS):
Backdoor Borrowing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/backdoor-borrowing/ (accessed: November 30, 2021).
American Psychological Association (APA):
Backdoor Borrowing. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/backdoor-borrowing/

Definition Sources


Definitions for Backdoor Borrowing are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.