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Encyclopedia > Private money

Private Money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. For other uses, see Bank (disambiguation). ... Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... The term credit can have several meanings in different contexts. ... Economics offers various definitions for money, though it is now commonly defined by the functions attached to any good or token that functions in trade as a medium of exchange, store of value, and unit of account. ... Look up company in Wiktionary, the free dictionary. ... As commonly used, individual refers to a person or to any specific object in a collection. ... An organization or organisation (read more about -ize vs -ise) is a formal group of people with one or more shared goals. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Wikipedia does not yet have an article with this exact name. ...


Private money can be similar to the prevailing rate of interest or it can be very expensive. When there is a higher risk associated with a particular transaction it is common for a private money lender to charge a rate of interest above the going rate. A transaction is an agreement, communication, or movement carried out between separate entities or objects. ... ... An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. ...

Contents

Private money lenders

There are private money lenders in virtually every state in the United States, seeking a chance to earn above average rates of return on their money. With that comes the risk that a private money loan may not be re-paid on time or at all without legal action. Private money is offered to clients in many cases in which the banks have found the risk to be too high. A state is a set of institutions that possess the authority to make the rules that govern the people in one or more societies, having internal and external sovereignty over a definite territory. ... A loan is a type of debt. ... This article is about law in society. ... The term client may have the following meanings. ...


Private money regulation

Private money lenders must comply with state and federal usury laws. They are not exempt from banking laws. Further, if the loan is made to a consumer, the private money lender may have a limit on how many loans they may make in a particular state, without being required to have a banking licence. Federal courts Supreme Court Chief Justice Associate Justices Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures State Courts Counties, Cities, and Towns Other countries Politics Portal      The government of the United States of America, established by the U.S. Constitution, is a... This article is about law in society. ... This article is about consumers in economics. ... A license or licence is a document or agreement giving permission to do something. ...


See also

A hard money loan is a specific type of financing in which a borrower receives funds based on the value of a specific parcel of commercial real estate. ...

External links

  • Private Money’s Other Side
  • Behind Private Money’s 2 Primary Forms

 
 

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