Whois & Analysis for floify.com

The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed.

At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment.

It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service.

After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.

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.

Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application.

Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application).

Loan servicing covers everything after disbursing the funds until the loan is fully paid off.

Loan origination is a specialized version of new account opening for financial services organizations.

Certain people and organizations specialize in loan origination.

Mortgage brokers and other mortgage originator companies serve as a prominent example.

A debtor is an entity that owes a debt to another entity.

The entity may be an individual, a firm, a government, a company or other legal person.

The counterparty is called a creditor.

When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.

In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity.

A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment.

A loan entails the reallocation of the subject asset(s) for a period of time, between the and the .