In "credit" (Latin for trust "credere" = believe) refers to both the confidence in the maturity and readiness of a person or Company to pay debts on time as well as a person or a company by the lender to temporarily grouting Asked values.
loans k Önner private individuals, companies, other organizations and state institutions lent aufn hmen . and in any event the one who gives the credit (= creditor), the values available to him temporarily to that available to receive the credit (= borrower). The lender therefore has the disadvantage that it to him to Values available temporarily unable to use own. Therefore, he usually expects the borrower to compensate for this, ie the payment of interest and of course the return of the borrowed value.
F UR the one who gets the credit (= borrower), the advantage of a loan that they need to obtain the needed goods or services he can already do without u ; about to have the necessary resources. This is particularly in the commercial business of great importance.
Although the Latin origin of the word suggests "credit" if it were a business that is based on "good faith", the lender shall in all cases the borrowing capacity and creditworthiness of the borrower.
"credit rating" means that the borrower to complete legally in a position to have to credit contracts. For example, he must of certain Age have to complete contracts (= capacity).
to determine the creditworthiness ürdigkeit are "self-information" (= own descriptions of the borrower on his financial situation), income and asset statements, information provided by third parties and off- ; future inquiries to the credit reference agency (= protective association for general credit security), economic extensive in-formation on the Situation of per-sons and company has.
loans are different features is subdivided, for example
according to maturity in: short-term loans, medium-term loans and long-term loans;
on the shape of IN: credit unsecured personal loan or a pure (without spe-cial Security), reinforcing ARKETS personal loan (eg by additional guarantor) and secured by real property loans (hedging of values, such as real estate)
on the intended use in: consumer loans (f UR private households), productive credit (f UR companies) and public credit (for public institutions),
according to the weight ährten agents in: moneylenders (cash made Verf ügung) Kreditleihe (Bottom ützung by the credit guarantee, warranty or bill of exchange), trade credit (goods are made available, eg, supplier credit and leasing).
Do you agree with the following information?
loans k Önner include only individuals.
The lender may temporarily before the values are not available to him even nut-zen.
Under the settlement means the payment of interest and the R ückgabe the borrowed value.
The lender usually pr UFT's credit capacity and credit worthiness of the borrower-mers not.
"credit rating" means that the borrower-mer in a position to be complete must credit contracts.
Schufa is a protective association f UR-all common credit protection.
After the maturity loans in the short-term and long-term loans are divided.
personal loans by value, secured, for example in real estate,.
obtain commercial credit households.
product credit is ährt the individuals weight .
Some major forms of credit
overdraft: A bank overdraft erm öglicht the borrower to make his current business debt, such as his bank account to cover the delivery of goods or to pay later.
discount loan: The discount loan gives the borrower promises to pay as a change.
acceptances: signs with acceptances of the lender a change that the borrower provides. He therefore transmits its own credit to the customer that can use the change in payment.
guarantee loan: The guarantee is the assumption of a guarantee or a guarantee from the lender to the borrower. Often this way to guarantee banks the security of the liabilities of its customers to third parties.
rates credit: The installment loan is a loan , the is households and small businesses in egg-Ner sum provided and repaid in monthly fixed Ra th. The term loan will be used to finance long-lived Gebrauchsg ütern (eg motor vehicles, home furnishings) but also for other expenses like study or vacation.
Mortgage: mortgage loans are secured by mortgages computing-te (Land Uecker, real estate) fused, usually long-term loans to individuals and businesses.
Kommunalkredit: municipal are loans to K örperschaften and institutions under public law (eg, municipalities) to perform functions of public investment. For the protection of the public sector Kommunalkredit liable with their property and their fiscal capacity.
Factoring: Factoring is the purchase of receiv-ables payable by the borrower through a factoring company (lender). The borrower receives his money before maturity of the older claims and must be the driving no longer care.
Leasing: Leasing is the leasing or lease of movable or immovable-tung Economic OODS by den manufacturer or a leasing company. During the period of use ongoing payments for the use. Other contract terms for leases are very different.
"credit" and "loans" are often equated. In practice, however, is known primarily for medium-and long-term loans, a sum to be paid as a loan.
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