• Pledge

  • The word pawn is derived from a Latin word meaning pledge, and once items have been pledged are known as pawns, pledges or simply collateral. A pledge, otherwise known as pawn is a type of security interest, and in particular... 

  • Extensive Growth

  • Economic development entails the increase in the living standard of a nation’s population connected to sustained growth from low-income economy to an up to date, high-income economy. The scope of economic development entails... 

  • Second Lien Financing

  • A lien is a kind of security interest given over an item of property as security of a payment of debt. Second lien financing, otherwise known as last out participation is a kind of financing taken against a security interest... 

  • Mortgage by Demise

  • A mortgage, in simple terms is the legal transfer of an interest in property, or its equivalent in law to a lender to act as collateral for a debt – normally a loan extended in form of money. Note that the mortgage itself... 

  • Commercial Mortgage

  • A commercial mortgage, as the name may suggest is a loan taken against real estate. In other words, a commercial building acts as the collateral that will secure the repayment of the loan. A commercial mortgage is very similar... 

  • Security Interest

  • A security interest in simple terms means the rights conferred upon a creditor to take all or part of a property offered as security for loan. A security interest is an interest created by law or by legal binding agreement... 

  • Statutory Mortgage

  • A mortgage can be depicted as the act of transferring an interest in property, or anything equivalent to a property in law (a charge) to a creditor as collateral for a debt. Important to understand is that a mortgage isn’t... 

  • Price Index

  • A price index is a standardized average of prices for a given class of goods and/or services in a given duration of time at a particular geographical location. The standardized average is normally a weighted average. It is... 

  • Chrysargyron

  • The term Chrysargyron originates from the Greek words for silver (αργυρος), and gold (χρυσος) and can also be termed as collation lustralis, or chrysargyrum. Chrysargyron dates back to 325 in the Eastern Roman... 

  • Equitable Mortgage

  • Mortgage is the transfer of title of a property to a creditor to be as collateral for the performance of a particular act mostly payment of money borrowed. Once the performance of the act is complete and satisfactory, the... 

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