Mortgage-Bond and Title Corp. - 1932 dated Land Stock Certificate
Inv# GS6614 Stock
Stock printed by Barton-Gillet Co. Baltimore, Md. A mortgage loan, often simply referred to as a mortgage, is a type of loan used by individuals to purchase real estate or by existing property owners to borrow funds for various purposes, using their property as collateral. This process involves securing the loan against the borrower's property through a procedure known as mortgage origination. In this context, a legal mechanism is established allowing the lender to take possession of the property and sell it through a process called foreclosure if the borrower defaults on the loan or fails to meet its terms. The term "mortgage" comes from a Law French phrase used in medieval Britain that translates to "death pledge," indicating that the pledge ends (or "dies") when either the debt is repaid or the property is taken through foreclosure. In essence, a mortgage can be described as a way for a borrower to provide collateral in exchange for a loan.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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