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Shylock is a Jewish moneylender who loans 3,000 ducats to his Christian rival Antonio, setting the security at a pound of Antonio's flesh. When a bankrupt Antonio defaults on the loan, Shylock demands the pound of flesh.
shakedown: to blackmail or try to get money from someone; also to give someone a scare. shy: the interest charged on loans by loan sharks. shylock business: the business of loansharking. sitdown: a meeting, esp. with another family. soldier: the bottom-level member of an organized crime family who is made.
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.
Hard money loan interest rates might be in the double-digits — far higher than the rates for 30-year fixed-rate mortgages. The rates and fees are typically determined by how much financing you ...
Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer.
The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him ...
Smith's money-lending business was damaged by the unexpected death of the 3rd Earl of Dorset in 1624, at the age of 35; the earl died owing Smith £9,000. Smith died on 3 January 1628 in his house in Silver Street and was buried in the chancel of All Saints Church, Wandsworth, on 7 February; a monument there shows him in the robes of an ...
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