This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...viz., " mortgages " and " bonds.' Each class may have the same kind of Classes of security, but the first takes its name from the long-time contract of security, the second from the charuuliU. acter of the note or credit contract given. It is stated that each may have the same kind of security. This follows as a ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...viz., " mortgages " and " bonds.' Each class may have the same kind of Classes of security, but the first takes its name from the long-time contract of security, the second from the charuuliU. acter of the note or credit contract given. It is stated that each may have the same kind of security. This follows as a necessity from the length of time agreed upon for payment. Each requires that the ultimate performance of the credit contract be assured, and any security which would be sufficient to assure the payment of one form of long-time credit obligation would be sufficient for the other. The difference in lb.2 two classes of instruments arises from the advantages of sale of the credit contracts secured, and from the form which the credit " issue " takes. When it is desired to have the secured obligation for future delivery of money divided into a large number of small credit contracts, and sold separately, a bond issue will be resorted to; if one party is found who is willing to purchase the whole amount secured and hold it in lump sum, or in the form of a few large credit contracts, the " mortgage " will be offered. Mortgages That which commonly goes in the security market as a " mortgage " is a misnomer; it is in reality a credit obligation secured by a mortgage. The mortgage is only a part of the thing bought and sold; in fact, if one held only the " mortgage " or security contract it would be of little value. The promise for the delivery of money is found in a " promissory note " or other evidence of debt. The mortgage is only a collateral contract which gives to the creditor a contract of lien on the property named as mortgage"? security for the payment of the contract of credit. If ...
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Add this copy of First Lessons in Finance: (School Edition of Funds and to cart. $30.00, good condition, Sold by Ray Boas, Bookseller rated 5.0 out of 5 stars, ships from Walpole, NH, UNITED STATES, published 1903 by D. Appleton and Company.
Add this copy of First Lessons in Finance: (School Edition of Funds and to cart. $61.07, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Palala Press.
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