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A celebrity is a person who is widely recognized (famous) in a society and commands a degree of public and media attention. The word stems from the Latin celebritas, itself from the adjective celeber meaning ‘famous, celebrated’. While fame is generally considered to be the major prerequisite for celebrity status, it is not always sufficient. There has to be a level of public interest in the person which may or may not be connected to the reason they are famous. For example, a public figure such as a politician, industry leader etc. may be famous but not a celebrity unless something else triggers public and mass media interest (e.g. Virgin Director Richard Branson attempting to circumnavigate the globe in a hot air balloon). Other types of fame, particularly those connected with mass entertainment are almost guaranteed to lead to celebrity even if the person deliberately avoids media attention. Examples of these are performers such as actors and musicians and athletes… @

Refinancing refers to applying for a secured loan intended to replace an existing loan secured by the same assets. The most common consumer refinancing is for a home mortgage.

Refinancing may be undertaken to reduce interest costs (by refinancing at a lower rate), to pay off other debts, to reduce one’s periodic payment obligations (sometimes by taking a longer-term loan), to reduce risk (such as by refinancing from a variable-rate to a fixed-rate loan), and/or to liquidate some or all of the equity that has accumulated in real property during the tenure of ownership… @

A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.

Acting as a provider of loans is one of the principal task for financial institutions. For other institutions issuing of debt contracts, such as bonds is a typical source of funding. Bank loans and credit are one way to increase the money supply.

Other types of debt include mortgages, credit card debt, bonds, auto loans and lines of credit. A mortgage is a very common type of debt instrument, used by many individuals to purchase housing. In this arrangement, the money is used to purchase the property. The bank, however, is given the title to the house until the mortgage is paid off in full. If the borrower defaults on the loan, the bank can repossess the house and sell it, to get their money back.

Abuse in the granting of loans is known as predatory lending. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over him or her… @

A mortgage is a method of using property as security for the payment of a debt.

The term mortgage (from Law French, lit. dead pledge) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals or businesses can purchase residential or commercial real estate without the need to pay the full value immediately… @