Whois & Analysis for moneytips.com

A debt generally refers to money owed by one party, the borrower or debtor, to a second party, the lender or creditor.

The borrower or debtor may be a sovereign state or country, local government, company, or an individual.

The lender or creditor may be a bank, credit card company, payday loan provider, or an individual.

Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.

The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.

A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

The loan is "secured" on the borrower's property.

This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement.

The goal of retirement planning is to achieve financial independence.

Insurance is a means of protection from financial loss.

It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Finance is a field that deals with the study of investments.

It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk.

Finance can also be defined as the science of money management.

Finance aims to price assets based on their risk level and their expected rate of return.

Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.