It was mostly illegal in Christian medieval Europe to charge interest on a loan of money, for much the same reasons Islamic law forbids it: That, as money is intrinsically unproductive, it is ethically wrong to make money from money.
With a pair of terse notices yesterday, the Office of the Comptroller of the Currency basically admitted that its elaborate process for turning up evidence of fraud in hundreds of thousands of loan files was a waste of money.
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If we all loan a lot of money we don't have to each other, we will all be more prosperous.
Since all money comes into existence as the result of a loan, new money has to be created at a fast enough pace to keep the debt bubble from bursting.
Many of us learned in economics 101 that banks create money by depositing the proceeds of a loan in the borrower's checking account, but the total money created is controlled by central banks through the minimal reserves that banks must maintain with them, the fractional reserve system.
Because of the letter, two companies unwittingly gave Gresham money as part of a loan agreement.
Under the arrangement, a participating company would take out a bank loan and give some of the money to Zhongdan for investing in high interest-paying wealth management products for a month or more.
Chris Samson of Deloitte Touche Tohmatsu, a consultancy, says that several lenders are actively looking at premium products that enable people to manage payments more flexibly over the lifetime of a loan and to release money against housing equity more easily.
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Unlike a stock or bond, for which you loan money to an entity with the expectation of earning a return for the risk you took, buying commodities is like buying physical assets.
Instead of giving money or a loan, you share your knowledge, expertise, or just advice to help them improve their lives.
It also means that Islamic banking needs to be full-reserve banking--Western banks typically loan out a multiple of the amount of money they have on hand, or in reserve.
The stock loan data provides a lagging indicator of what the smart money is doing, but one of its chief values is the window it provides into selling trends.
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Why, he asks, can a woman in Bangladesh get a micro-loan more readily than the average frontline employee at a global 1000 company can get a small amount of money for something experimental?
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The NINA was designed as a sort of bridge loan, said Vice Chairman John Hart, for borrowers who have a bad credit rating but need money until they can repair it and get a lower-cost loan from somebody else.
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At this stage, when the bank makes a loan, the money supply rises by more than the amount of the open-market operation.
"We've got the money to bring in a couple of players on loan, which would mean a wage, " said Smith.
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If you take money out of a life insurance policy as a loan (assuming this is permitted under the terms of your policy), the amount of the loan is not taxable to you.
Other things being equal, the easier it is for a borrower to escape from his obligations to pay interest and, ultimately, repay a loan, the more likely it is that creditors will lose some of the money they lend, and so the less willing they will be to extend credit.
The money for Suntech is reportedly a bridge loan to help repay some of its loan interests.
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He was also a chief architect of the federal direct-loan program, in which the government lends money to students through their colleges.
While interest in a Mosaic solar investment will be taxable, the interest saved from paying of a car loan or credit card debt is saved from after-tax money, and so is essentially tax free, which makes paying down debt at interest rates of 4% more more clearly more attractive than the 4.5% on offer from Mosaic.
It has become easy for them to turn an increase in the value of a house into spending money by taking out a home-equity loan.
Repaying the loan might not make sense if you can instead invest the money at a higher rate of interest.
Taxpayers pay billions of dollars a year to ensure that private lenders make a profit when they loan money to students.
Although attendance and gate revenue are up for the Panthers this season, Yormark explains how the renovation of Bank Atlantic Center, with the help of a loan from Broward County, which owns the arena, will also mean more money for the Panthers.
There was not a lot of money to go around so I tried to convince the student leaders the loan should be available only to those who really needed it and that we should have a means test to determine those who would qualify for the loan.
As a result, normal day-to-day short-term loan transactions ceased and the velocity of money went to zero.
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Indeed, Motsepe says he tried for a year to get a loan to finance the purchase of Anglo's shafts, but no bank would front him the money.
And the International Monetary Fund last month demanded early repayment of a loan from Chad, saying the government provided false information in order to get the money in the first place.
Zona just inked a deal to be the provider of financial news, real estate listings and loan rates on StarMedia's money page.
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