Its members are usually required to share a common bond, such as locality, employer, religion or profession, and credit unions are usually funded entirely by member deposits, and avoid outside borrowing.
She said she would pay for more infrastructure projects out of operating revenue to avoid borrowing.
By selling preference stock, which is accounted for as equity, G.M. avoids borrowing, which would weaken its balance sheet and threaten its already shaky credit rating.
Underearners Anonymous continues to adhere to the DA philosophy; hence the emphasis on avoiding unsecured borrowing.
To avoid simultaneous borrowing and depositing you should monitor how accurate your forecasting is, without turning this into an art form.
Taxation was kept as low as possible and the budget was balanced to avoid borrowing.
In addition, the state comptroller, Alan G. Hevesi, has warned that the state has too much debt and should avoid additional borrowing.
He praised the administration's plan to use the surplus to avoid borrowing and to replace Federal funds.
The bill might help the city avoid borrowing, but it might also relieve the pressure on the Legislature to pass a new budget.
Since then, Algeria has avoided new borrowing and rescheduling of debt payments, unlike many third-world nations, but the effect has been frozen wages and shortages of consumer goods.