Massachusetts Mortgage Co. - 1928 dated Banking Stock Certificate
Inv# BS1389 Stock
Stock. A mortgage loan, or simply a mortgage (also known as a hypothec loan in civil law jurisdictions), is a type of loan used by individuals to purchase real estate or by property owners to raise funds for various purposes. The borrower secures the loan by putting a lien on the property, a process known as mortgage origination. This means that if the borrower defaults or fails to comply with the loan terms, the lender has the legal right to take possession of the property and sell it to recover the loan amount—a process known as foreclosure or repossession.
The term "mortgage" comes from a Law French phrase from the Middle Ages, meaning "death pledge." This refers to the fact that the pledge "dies" either when the loan is fully paid off or when the property is seized and sold through foreclosure. Essentially, a mortgage involves a borrower providing collateral (the property) 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.
Ebay ID: labarre_galleries