Credits on Kreditos

The mortgage has come from the Ancient world

Athenian reformer Solon in 594 BC has carried out reforms in which result freedom of the will has been entered and land debts are cancelled. Before in Athenes the person of the debtor which in case of impossibility pay a debt could to get slavery was pledge of a similar sort of obligations. Архонт Солон has offered a way of rather progressive reference of personal responsibility in the property.

On boundary меже the ground area of the debtor the column with an inscription was established, that the given property serves as maintenance of claims for the certain sum, names of the debtor and the creditor, time when the debt should be returned were specified. Such column also was called as "mortgage". Such column on a site of the earth as a sign of an interdiction to the borrower was put to take out from it all resulted, brought and brought. Subsequently this word began to be used for a designation of any pledge of the real estate under the credit. Later for this purpose began to use the special books which were called as the hypothecary.

The mortgage existed both in the Ancient Greece, and in Ancient Rome, and in medieval Europe. Already in the Ancient Greece publicity which allowed each interested person to make sure of a condition of the given landed property free was provided.