Exact(8)
He invented microcredit, the practice of lending tiny amounts of money to the poor.
All-Tech Direct Inc., ofe of the leading providers of rapid-fire day-trading services, was accused of violating regulations governing the practice of lending money to customers to buy stocks.
Microfinancing, the practice of lending tiny sums of money to poor women to start their own businesses, has grown into a global industry since it began in the 1970s.
Afghan officials and businessmen said other financial institutions here might be affected by similar troubles; the shareholders of other banks also indulge in the practice of lending large sums of money to themselves.
Already, some insurance companies have stopped the practice of lending their securities out so that hedge funds can short them; the insurance company, after all, wants the shares to go up.
"Name lending," the practice of lending to family-owned entities almost solely on the strength of reputation (no financial disclosure required), has been standard in the Gulf since the advent of banking.
Similar(52)
Kant, he noted, had argued that:the entire practice of lending money presupposed at least the honest intention to repay.
He was particularly focussed on the New York banks' dangerous practice of lending money to investors so that they could buy stocks "on margin," which overheated the markets and generated white-knuckle risk for the borrowers and the banks alike.
Unfortunately, external pressure for change has not been as strong as it might have been: foreign banks have not stopped lending in the kingdom; the practice of "name lending" still goes on, albeit on a smaller scale.
Research into the practice of stock lending shows some investment firms are retaining up to 40% of the fees they earn for lending some, or possibly all, of the shares in particular funds.
As the practice of micro-lending has spread worldwide, Yunus and the Grameen Bank have deflected criticism as other predatory lenders have moved in to the small loan business.
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