borrow against
phrasal verbwithborrowverb[IorT]uk/ˈbɒrəʊ/us
[IorT]FINANCE,BANKING
toborrowmoneyandagreeto givevaluablepropertyto theorganizationwho haslentit to you if youfailtopayit back:
Theyborrowedagainsttheirstockportfolioso they couldbuy36acresfrom alocalfarmer.
Theyborrowed£55,000 against theproperty, thenvaluedat £225,000.