financing
- 01 B2 Upper Intermediate
the money provided by a bank or investor for a specific purpose, like buying a house or starting a company.
the capital or credit provided by an external source to fund a commercial venture or significant purchase.
Simple“The company is still looking for the financing to build its new factory.”
In context“Securing long-term financing proved difficult in the current economic climate, forcing the developers to scale back their initial plans for the luxury complex.”
UsageOften used with 'for' to indicate the purpose of the funds.
“A project stalls if any one of these fails: land it can be built on, permits that arrive on time, financing that closes, and a builder who can deliver at a price that works.”
“Even as pay-later increases the number of products sold, a retailer's effective price—what it actually keeps from each sale after financing costs—can decline.”