From Longman Business Dictionaryoverborrowo‧ver‧bor‧row /ˌəʊvəˈbɒrəʊˌoʊvərˈbɑː-, -ˈbɔː-/ verb [intransitive] FINANCE to borrow too much money in relation to your ability to make payments on the debtThe country may find it has overborrowed in the international capital markets. —overborrowed adjective [not before a noun]The increase in lending to stimulate the economy has not worked as companies and individuals are already so overborrowed. —overborrowing noun [uncountable]The state encouraged overborrowing by firms and overlending by banks because of its commitment to higher growth.
