The Principles of Rural Credits : As Applied in Europe And As Suggested for America
The Principles of Rural Credits : As Applied in Europe And As Suggested for America
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In our eReader you can find the full English version of the book. Read The Principles of Rural Credits : As Applied in Europe And As Suggested for America Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Principles of Rural Credits : As Applied in Europe And As Suggested for America
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To quickly assess the difficulty of the text, read a short excerpt:
3. The rates of interest are kept as low as possible and closely correspond with the market rates for money.
4. Since the bonds are irredeemable by the holder, the rate of interest cannot be raised.
5. The debt is extinguished gradually by amortization.
6. The right is granted to the debtor to reduce his debt by additional payments to suit his convenience.
7. The expenses for land valuation and other charges are low.
94 Principles of Rural Credits 8. The cost of administration of the associatio...ns is relatively low and yet their officials are highly qualified for their work.
The advantages of this system over ordinary commercial mortgage practices are very great. Farmers are not usu- ally in a position to repay mortgage loans in lump sums; and, if a loan should suddenly be called in, they would have to borrow elsewhere, which cannot always be done without burdening themselves with additional costs, higher interest rates, loss of time, and other disadvantages. The rates of interest on commercial mortgages are gen- erally higher than the interest rates on bonds of a farm mortgage association.
What to read after The Principles of Rural Credits : As Applied in Europe And As Suggested for America?
You can find similar books in the "Read Also" column, or choose other free books by James Bale Morman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3. The rates of interest are kept as low as possible and closely correspond with the market rates for money.
4. Since the bonds are irredeemable by the holder, the rate of interest cannot be raised.
5. The debt is extinguished gradually by amortization.
6. The right is granted to the debtor to reduce his debt by additional payments to suit his convenience.
7. The expenses for land valuation and other charges are low.
94 Principles of Rural Credits 8. The cost of administration of the associatio...ns is relatively low and yet their officials are highly qualified for their work.
The advantages of this system over ordinary commercial mortgage practices are very great. Farmers are not usu- ally in a position to repay mortgage loans in lump sums; and, if a loan should suddenly be called in, they would have to borrow elsewhere, which cannot always be done without burdening themselves with additional costs, higher interest rates, loss of time, and other disadvantages. The rates of interest on commercial mortgages are gen- erally higher than the interest rates on bonds of a farm mortgage association.
What to read after The Principles of Rural Credits : As Applied in Europe And As Suggested for America?
You can find similar books in the "Read Also" column, or choose other free books by James Bale Morman to read onlineMoreLess
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