A promissory note is a promise by the borrower to repay the lender on a specific date or dates, usually with interest. In my experience there have been more worthless notes than good ones. Strange as it may seem, the worst promissory notes have come from friends, and the closer the friend […]
The vast majority of automobiles sold in the United States are sold on the time payment plan. The purchaser does not pay cash. In most cases he trades in his present car as a down payment and the balance is financed over a period of months, sometimes as long as four years […]
While the theory as to exactly what a mortgage is varies among states in the Union, a mortgage is for all practical purposes a promise on the part of a property owner to pay with interest a certain total sum in periodic payments over a given number of years to a person […]
In this book we are going to explore a number of different types of investment, but we are going to concentrate on investments, which have one characteristic: high yield consistent with the preservation of the capital invested. This definition means that investment in a new corporation that is just starting out is […]
The smaller investor or possessor of a savings account has really very few alternative employments for his fund of savings. He can either put it into the stock market, including the mutual funds, or he can put it into the sav ings bank. In the stock market he has the hope of […]
A promissory note is a promise by the borrower to repay the lender on a specific date or dates, usually with interest. In my experience there have been more worthless notes than good ones. Strange as it may seem, the worst promissory notes have come from friends, and the closer the friend […]
