The Unseen Hand (Or: How the Greeks Invented the Future)
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
The charge for the privilege of borrowing money, typically expressed as an annual percentage rate. The concept originated in ancient Mesopotamia with agricultural loans.
A historical region of Western Asia situated within the Tigris–Euphrates river system. It is where the earliest forms of writing, agriculture, and lending are believed to have originated.
An amount of money borrowed by one party from another.
An early form of insurance/loan contract in which a lender would finance a merchant's sea voyage. The ship was the collateral, and the debt was canceled if the ship was lost.
The management of large amounts of money, especially by governments or large companies. At its core, it is the process of moving value through time.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.