Borrowing costs refer to the expenses incurred by an organization when it borrows money. These costs typically include interest payments and may also encompass arrangement fees and intermediary fees. Depending on accounting standards and conditions, they can either be expensed immediately or capitalized as an asset.
A financial budget is an organizational tool that outlines an entity's monthly, quarterly, or annual financial goals and expectations, aiding in financial planning, forecasting, and control.
A revolving fund is an account or sum of money designed to be replenished to its original balance after use, enabling it to be spent or loaned repeatedly for ongoing financial activities.
