|
LOANS
|
||||||||||||||||||||||||||||||||||||
|
A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.
Acting as a provider of loans is one of the principal task for financial institutions. For other institutions issuing of debt contracts, such as bonds is a typical source of funding. Bank loans and credit are one way to increase the money supply.
Other types of debt include mortgages, credit card debt, bonds, and lines of credit. A mortgage is a very common type of debt instrument, used by many individuals to purchase housing. In this arrangement, the money is used to purchase the property. The bank, however, is given the title to the house until the mortgage is paid off in full. If the borrower defaults on the loan, the bank can repossess the house and sell it, to get their money back.
Abuse in the granting of loans is known as predatory lending. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over him or her.
LINKS
MONEY FINDER
A low budget British sci-fi adventure to be shot in HD 3D digital format. A discovery in the ice scientists would die for leads our hero to the Antarctic, but the archaeological expedition soon turns into a fight for survival of the human race.
|
||||||||||||||||||||||||||||||||||||
|
This website is copyright © 1991- 2013 Electrick Publications. All rights reserved. The bird logo and names Solar Navigator and Blueplanet Ecostar are trademarks ™. The Blueplanet vehicle configuration is registered ®. All other trademarks hereby acknowledged and please note that this project should not be confused with the Australian: 'World Solar Challenge'™which is a superb road vehicle endurance race from Darwin to Adelaide. Max Energy Limited is an educational charity working hard to promote world peace.
|
||||||||||||||||||||||||||||||||||||
|
AUTOMOTIVE | BLUEPLANET BE3 | ELECTRIC CARS | ELECTRIC CYCLES | SOLAR CARS | SOLARNAVIGATOR |
||||||||||||||||||||||||||||||||||||
