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Bonds, promissory notes, and certificates of deposit are examples of documents that promise future repayment at a specific time or in intervals over time. These instruments are issued by corporations, governments, or financial institutions to raise capital and provide investors with a return on their investment.
A fixed deposit is called a pledge, because it is an agreement that is made. The agreement is a certain amount of money will be deposited on a regular basis. It is a promise or pledge to make the deposit.
yes but you have to be careful on what promiss you make
A promise ring is generally given to promise to get an engagement ring in the future. No, you cannot sue this young man because he broke his promise. You have learned a valuable lesson that you need to be more careful about who promises you what.
A deposit is a promise to buy the vehicle As you have made a deposit the seller has agreed not to sell the vehicle to anyone else. This is a binding contract and in most Places the seller can force you to buy the vehicle. If he allows you out of the deal and keeps the deposit you are luck he only charged you the deposit.
promise to pay
Unless it is stated in writing that the deposit is refundable, it typically isn't. The person accepting the deposit has essentially removed the car from the market and may have missed another sale because you had made the deposit, which was your promise to purchase the vehicle.
corruption in the financial community and lending policies
Banker receipts are financial instruments issued by banks as a form of acknowledgment of deposit. They represent a promise to pay a specified amount of money to the bearer or the depositor at a future date. Typically used in trade financing, banker receipts help facilitate transactions by providing a secure and negotiable means of transferring funds or assets. They can also serve as collateral for loans or other financial obligations.
The Greek word for pledge is "ἀρραβών" (arrabon). It signifies a deposit or earnest money given as a guarantee of a future agreement or promise.
In financial transactions, the term "credit" refers to the ability to borrow money or obtain goods or services with the promise to pay for them later.
If you are inquiring about the Silvergate Financial in Philadelphia, STAY AWAY... this is the ltimate in bait and switch, I just lost $3,200.00 to them with the promise of a $10,000.00 dollar loan.....