Time borrowing is a concept that is used in latch based pipelines in which you typically have 2 stages of combinatorial surrounded by latches. If the first combinational piece of logic has a much longer delay than the second one, you can borrow some of the time of the second part to the first part. A somewhat more comprehensive explanatation can be found here:
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Search for 'borrowing'... We have used this technique in FF based design where we captured the output of a RAM that was too slow to finished in a clock cycle and then registered it with FF's in a later stage. The use of latches in standard FF based design kills regular scan-based testing, so these technique should be used with great care!
Since these latches aren't used a lot these day, my guess is that you unintentionally added latches to your design and this resulted in the warning above. If this is the case, just remove them and the warning will be gone. :-)
Tom