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backdoor borrowing

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Financial Dictionary

backdoor borrowing

Borrowing by a public authority without voter approval. Public authorities often use backdoor borrowing when voters reject proposed debt issues. Taxpayer funds are used to repay debt accumulated in backdoor borrowing.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Borrowing
$200-$1500 Cash Loans - 3 Steps Apply - Review - Withdraw Your Cash
Loans-in-1-Hour.com
Back door
Find back door here. We offer local search in your area.
california.local.com
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