👉 Shrifts are a type of economic strategy in which a company or individual borrows money from another, typically a financial institution, with the expectation that they will return the loan within a specific period. The borrower pays back the borrowed funds at the end of the agreed-upon period. For example, if a company wants to purchase a piece of machinery for its factory, it might borrow money from a bank or other financial institution to finance the purchase. If the machinery is not delivered on time,
