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Banks create new money in the form of loans. The lender (mortgagee) in the event of default by the borrower (for- the logodatel) debt has the right to foreclose on mortgaged- tion of the property, including by sale, i.e. without security and having security.Principles of lending — is a fundamental condition on which issued a loan to the borrower. more...

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One of the first banks in the modern sense of the term was founded in 1407, the Bank of Genoa. more...

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