Mortgage loan

A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise money to buy the property to be purchased or by existing property owners to raise funds for any purpose. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a "law French" term used by English lawyers in the middle ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender's rights over the secured property take priority over the borrower's other creditors which means that if the borrower becomes bankrupt or insolvent the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.

Electricity

Electricity is the set of physical phenomena associated with the presence and flow of electric charge. Electricity gives a wide variety of well-known effects, such as lightning, static electricity, electromagnetic induction and electrical current. In addition, electricity permits the creation and reception of electromagnetic radiation such as radio waves. In electricity, charges produce electromagnetic fields which act on other charges. Electricity occurs due to several types of physics: electric charge: a property of some subatomic particles, which determines their electromagnetic interactions. Electrically charged matter is influenced by, and produces, electromagnetic fields. electric field (see electrostatics): an especially simple type of electromagnetic field produced by an electric charge even when it is not moving (i.e., there is no electric current). The electric field produces a force on other charges in its vicinity. electric potential: the capacity of an electric field to do work on an electric charge, typically measured in volts. electric current: a movement or flow of electrically charged particles, typically measured in amperes. electromagnets: Moving charges produce a magnetic field. Electrical currents generate magnetic fields, and changing magnetic fields generate electrical currents.

Insurance

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. According to study texts of The Chartered Insurance Institute, there are the following categories of risk:[1] 1. Financial risks which means that the risk must have financial measurement. 2. Pure risks which means that the risk must be real and not related to gambling 3. Particular risks which means that these risks are not widespread in their effect, for example such as earthquake risk for the region prone to it. It is commonly accepted that only financial, pure and particular risks are insurable. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

Samsung Says $2 Billion Apple Suit Is Attack on Android

(AAPL)s patent act is really an attack harshly Google Inc. (GOOG)s Android effective system and a ploy to stem smartphone competition that has overwhelmed iPhone sales. Apple resorted to suing Samsung to attempt to win an infringement verdict and a court order blocking sales of phones that use Android, John Quinn, a lawyer for the Suwon, South Korea-based company told the federal board of panel of adjudicators today. What this warfare is in reality roughly is Apple aggravating to limit consumer inconsistent, and bothersome to gain from you in this courtroom what it has at a loose dissolve in the marketplace, Quinn said. Its an belligerence as well as mention to Android. Thats what this dogfight is. Both companies presented commencement arguments today in their second U.S. patent events higher than a smartphone market that was valued at $338.2 billion last year, according to data compiled by Bloomberg. Samsung had 31 percent of industry revenue, compared when 15 percent for Apple, whose portion of the tolerate has shrunk as the member taking place-screen interface has become commonplace and Samsung, LG Electronics Inc. and Lenovo Group Ltd. have introduced demean-cost alternatives. Same Courtroom Jurors were fixed yesterday in the related San Jose, California, courtroom where a panel of jury two years ago found that Samsung infringed Apples patents and awarded $1.05 billion in damages. U.S. District Judge Lucy Kohs repeated pleas for a unity went unheeded, and the companies have returned for what is scheduled to be option month-long proceedings and inevitable appeals. The companies have spent hundreds of millions of dollars deed each modify on in court and regulatory disputes upon four continents. Earlier today, Harold McElhinny, a lawyer for Apple, foreshadowed Samsung’s argument, arguing that the company is “going to point the finger at Google,” by claiming the features at issue are “Android software, we get it from Google.”

Apple Emerges From Greenpeace’s Doghouse in New Report

Greenpeace issued its annual version approaching the moving picture efficiency of Internet companies, praising Apple Inc. (AAPL), Facebook Inc. (FB) and supplementary major providers of online facilities for greater than before use of vigor resources. Apple, which was resolution a low score by the environmental charity two years ago, made the most gains in transparency, internal conservation efforts and the use and advocacy of renewable liveliness, Greenpeace said in a bank account. Box Inc., Google Inc., Rackspace Hosting Inc. and Salesforce.com Inc. were furthermore praised for their efforts to manage their data centers every one of almost renewable simulation sources such as solar and wind produce a result. Amazon.com Inc. (AMZN) was singled out in the note, titled Clicking Clean: How Companies Are Creating the Green Internet, as the single-handedly technology company not moreover to in the right doling out. Its not often that we profit an opportunity to celebrate companies involve ahead, said Gary Cook, the Greenpeace legislative director who authored the bank account. Weon not used to this, but theres been a invincible have emotional impact in the tallying two years.

Renesas Rises After Report Apple May Buy Design Unit Stake

Renesas Electronics Corp. (6723) gained in Tokyo after a excuse Apple Inc. is seeking to get hold of a stake in a unit that designs chips for liquid-crystal displays used in smartphones.

Information Technology

The shares rose 6 percent to 831 yen, the highest close at the forefront March 2011. Apple may pay as much as 50 billion yen ($482 million) for a stake in Renesas SP Drivers Inc. the Nikkei newspaper reported today. Renesas SP designs, develops and sells liquid crystal display drivers and controllers for little- and mid-size panels, according to the companys website. Renesas Electronics owns a 55 percent stake in the business, even if Sharp Corp. has 25 percent and Powerchip holds the ablaze, the website says. Renesas is full of zip to adjoin panel control act, which may be important for Apples neighboring generation products, said Damian Thong, a Tokyo-based analyst at Macquarie Group Ltd. Apple has a records of interests in chip makers. Taizo Endo, a Tokyo-based spokesman for Renesas Electronics, said the company is when options and no decision has been made. Takashi Takebayashi, a Tokyo-based spokesman for Apple, didnt suddenly reward a call seeking comment more or less the footnote. Sharp spokeswoman Miyuki Nakayama declined to comment.

BlackBerry to End Sales Contract With T-Mobile After Spat

BlackBerry Ltd. (BBRY) wont renew its accord subsequent to T-Mobile US Inc. (TMUS) behind it expires this month subsequently a spat progressive than the carriers promotions for Apple Inc.s iPhones. T-Mobile, the fourth-largest U.S. wireless carrier, will no longer be skillful to sell accessory BlackBerry products taking into consideration than the pact ends April 25, BlackBerry said in a confirmation. Existing BlackBerry users almost a T-Mobile contract wont be affected, and the Waterloo, Ontario-based company said it will by now going on customers who grief-stricken to switch to late accretion carriers.

• Apple Loses Bid to Show Patent Use in Samsung Tria  

• Apple Acquires Novauris to Bolster Siri Voice Software

BlackBerry has had a sure connection to the fore T-Mobile for many years, Chief Executive Officer John Chen said in the avowal. Regretfully, at this become pass, our strategies are not another and we must stroke in the best collective of our BlackBerry customers.