A borrower and a lender sign a contract which states that the borrower will not have to pay more than a specified maximum interest rate on borrowedfunds.
贷款人与借款人之间签订的合约,合约规定借款人不会被要求支付高于约定最高利息率的利息。
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And without those lines of credit, the risk-taking, highly leveraged firms that relied on borrowedfunds to finance their operations are suddenly unable to proceed.