Philadelphia Co. For Guaranteeing Mortgages - 1930's dated Pennsylvania Banking Stock Certificate
Inv# GS1207 Stock
Banking Stock. Available in Brown, Green, or Maroon. Please specify color. Philadelphia Coat of Arms, females, ship, etc. Rare!!! Mortgage insurance, often referred to as mortgage guarantee or home-loan insurance, is a type of insurance that provides compensation to lenders or investors in mortgage-backed securities for losses incurred as a result of a mortgage loan default. This insurance can be classified as either public or private, depending on the entity providing the coverage. In the United Kingdom, it is commonly known as a mortgage indemnity guarantee (MIG).
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.
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