1. the practice of borrowing more money than one can reasonably repay
Usage: economics; finance

Examples

• The company’s overborrowing led to its eventual bankruptcy.
• Many homeowners faced foreclosure due to overborrowing during the housing boom.
• The government warned banks about the risks of overborrowing by consumers.
• His overborrowing habits made it difficult to qualify for additional loans.
• The financial crisis was partly caused by widespread overborrowing in the mortgage market.
• She learned to avoid overborrowing after struggling with debt payments.