单词 | borrowing powers |
释义 | borrowing powersborrowing powersthe power of a public or corporate body to borrow. Most public bodies are invested by statute with power to borrow; the extent of any power in a particular case will depend on the precise language of the statute concerned A UK-registered company has no inherent power to borrow. However, a company that carries on a business has an implied power to borrow money and give security for the purpose of its business. Borrowing powers may be expressly conferred by provision in the company's memorandum of association; a company whose object is to carry on business as a general commercial company is endowed with the power to do all such things as are incidental or conducive (including borrowing) to that end. |
随便看 |
英语词典包含2567994条英英释义在线翻译词条,基本涵盖了全部常用单词的英英翻译及用法,是英语学习的有利工具。