Archive for octobre, 2008
Credit Application - Who Gives the money?
Jeudi, octobre 16th, 2008In principle the grant of a credit must take place not necessarily via a Credit institute. Special loan can e.g. by the neighbor by hiring by flour or eggs be granted. Among buyers for example goods deliveries are quite usual against a later payment to a ausbedungenen date (see credit granted by suppliers). The manufacturer [...]
History of Credit
Jeudi, octobre 16th, 2008The History of Credit - In view to the interest prohibition valid in the Christianity Jews were the only one in the early Middle Ages, the granting of credit was possible for who in the form of money. Also for it an interest prohibition, it was valid was however limited to members of the Jewish [...]
Credit Cost
Jeudi, octobre 16th, 2008An applicant for the credit receives credit with the obligation to pay the borrowed amount back plus interest at the agreed upon time. The interest is indicated as a rule as annual interest and in per cent per annum (“% per annum”). For security and arrangement credits usually however no repayment mode is intended, the [...]
Different forms of Credit
Jeudi, octobre 16th, 2008Credit forms - In principle to differentiate are personal loans and bank credits. With the personal loan a private person gives usually a credit to another private person or company, whereby contrary to the bank credit no creation of money takes place. With the personal loan done thus the credit giving person without the money [...]
Credit in Economy
Jeudi, octobre 16th, 2008The assignment of bank credits (not personal loans) increases the money supply (creation of money), the repayment again reduces it. A demand stands for each credit in same height opposite in accordance with double record keeping. That is valid not only for the Buchgeld of the banks, but also for the cash notes and coins [...]
What is a Credit?
Jeudi, octobre 16th, 2008A credit (derived from latin credere „believe “and creditum „in good faith entrusted “) is the customs over letting of money (notes, coins, Giralgeld) or justifiable things (consumption credit) on time. Loan agreements, hire-purchases, deferments of payment, changes represent typical examples of credits. By the applicant for the credit as a rule to refund the [...]