usury
Lending money for interest is a very old process. But now the way of doing this has changed.
On internet you can find sites like www.yes-secure.com which allow you to lend your money to others via their site. These sites check for the credit and history of the borrowers and thier ability to repay the loans which you will lend to them.
The practice of lending should be done with proper care as may loss your money.
apothecary
wench
a share of land in medieval Europe is called a fief.
It is called a frog. Really :-)
Middle ages things and times are called Medieval.
The practice of lending money, with interest rates "above the lawful rate", is called usury.
The fee for lending money can refer to each of these: 1. Points. This is a term often used in mortgage lending. 2. Interest. This is most used for the cost of an unpaid loan.
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending .
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending
The risk of lending on character is called "moral risk." The risk of lending on capacity is called "business risk." The risk of lending on capital is called "property risk."
Banks usually borrow money from one another when they are running short of cash. They charge a smaller interest (when compared to what interest gets charged to a normal loan customer) when they lend money to other banks. This lending interest rate is called Inter-Bank Lending Rate. Banks even go to the central bank of their country to borrow money if they need it.
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
The payment for the use of capital is called "interest." It is the cost incurred by borrowers for using funds provided by lenders, typically expressed as a percentage of the principal amount. Interest compensates the lender for the opportunity cost of not using the capital elsewhere and reflects the risk associated with lending.
A medieval oboe would be called the shawm
The risk of lending on character is called "moral risk," the risk of lending on capacity is called "business risk," and the risk of lending on capital is called "property risk." An ideal borrower will combine a minimum of each of these three risks
medieval ages