11.   Most large Indian companies are borrowing to finance expansion.

12.   Most gambling stocks fell last year, partly because of the rising costs of borrowing to finance new operations.

13.   Some are borrowing to finance day-to-day living expenses.

14.   Steelmakers and other capital-intensive industries would have to pay more interest on money borrowed to finance spending on upgrading facilities.

15.   That allayed concern interest rates will rise and squeeze property companies that rely on borrowing to finance its projects.

16.   That may be because already heavily indebted consumers are wary of borrowing to finance big-ticket items.

17.   They do so by buying riskier stocks and by borrowing to finance the purchases.

18.   They have borrowed to finance mergers.

19.   With earnings likely to be restrained by low rates, CEZ will have to borrow to finance additional capacity to meet the growth in consumption, he said.

20.   With demand for their goods and services eroding rapidly, companies are unlikely to borrow to finance more capital spending no matter how low interest rates go.