Example Concept: In Rust, each value has a single owner, and when the owner goes out of scope, the value is dropped, freeing the memory. Borrowing allows references to a value without taking ownership. There are two types of borrowing: immutable (read-only) and mutable (read-write). Immutable references allow multiple simultaneous reads, while mutable references require exclusive access. The borrow checker enforces these rules at compile time, preventing data races and ensuring safe memory access.