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A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed.

         

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Boat Financing

A ship Audio (US) (help·info) is a large vessel that floats on water. Ships are generally distinguished from boats based on size. Ships may be found on lakes, seas, and rivers and they allow for a variety of activities, such as the transport of persons or goods, fishing, entertainment, public safety, and warfare.

Ships and boats have developed alongside mankind. In major wars, and in day to day life, they have become an integral part of modern commercial and military systems. Fishing boats are used by millions of fishermen throughout the world. Military forces operate highly sophisticated vessels to transport and support forces ashore. Commercial vessels, nearly 35,000 in number, carried 7.4 billion tons of cargo in 2007.

These vessels were also key in history's great explorations and scientific and technological development. Navigators such as Zheng He spread such inventions as the compass and gunpowder. Ships have been used for such purposes as colonization and the slave trade, and have served scientific, cultural, and humanitarian needs.

As Thor Heyerdahl demonstrated with his tiny boat the Kon-Tiki, it is possible to achieve great things with a simple log raft. From Mesolithic canoes to today's powerful nuclear-powered aircraft carriers, ships tell the history of humankind.

The history of boats parallels the human adventure. The first known boats date back to the Neolithic Period, about 10,000 years ago. These early vessels had limited function: they could move on water, but that was it. They were used mainly for hunting and fishing. The oldest dugout canoes found by archaeologists were often cut from coniferous tree logs, using simple stone tools

By around 3000 BC, Ancient Egyptians already knew how to assemble planks of wood into a ship hull. They used woven straps to lash the planks together, and reeds or grass stuffed between the planks helped to seal the seams. The Greek historian and geographer Agatharchides had documented ship-faring among the early Egyptians: "During the prosperous period of the Old Kingdom, between the 30th and 25th centuries B. C., the river-routes were kept in order, and Egyptian ships sailed the Red Sea as far as the myrrh-country."

It is known that ancient Nubia/Axum traded with India, and there is evidence that ships from Northeast Africa may have sailed back and forth between India/Sri Lanka and Nubia trading goods and even to Persia, Himyar and Rome. Aksum was known by the Greeks for having seaports for ships from Greece and Yemen. Elsewhere in Northeast Africa, the Periplus of the Red Sea reports that Somalis, through their northern ports such as Zeila and Berbera, were trading frankincense and other items with the inhabitants of the Arabian Peninsula well before the arrival of Islam as well as with then Roman-controlled Egypt.

Ancient ships have been discovered to have been possessed by the medieval peoples of Southern Africa through medieval shipwrecks found. Such as the treasure shipwreck found in Namibia which belonged to late antiquity/middle ages African sailors. The Swahili people had various extensive trading ports dotting the cost of medieval East Africa and Great Zimbabwe had extensive trading contacts with Central Africa, and likely also imported goods brought to Africa through the Southeast African shore trade of Kilwa in modern-day Tanzania.

At about the same time, people living near Kongens Lyngby in Denmark invented the segregated hull, which allowed the size of boats to gradually be increased. Boats soon developed into keel boats similar to today's wooden pleasure craft.

The first navigators began to use animal skins or woven fabrics as sails. Affixed to the top of a pole set upright in a boat, these sails gave early ships range. This allowed men to explore widely, allowing, for example the settlement of Oceania about 3,000 years ago.

The ancient Egyptians were perfectly at ease building sailboats. A remarkable example of their shipbuilding skills was the Khufu ship, a vessel 143 feet (44 m) in length entombed at the foot of the Great Pyramid of Giza around 2,500 BC and found intact in 1954. According to Herodotus, the Egyptians made the first circumnavigation of Africa around 600 BC.

The Phoenicians and Greeks gradually mastered navigation at sea aboard triremes, exploring and colonizing the Mediterranean via ship. Around 340 BC, the Greek navigator Pytheas of Massalia ventured from Greece to Western Europe and Great Britain.

Before the introduction of the compass, celestial navigation was the main method for navigation at sea.

In China, early versions of the magnetic compass were being developed and used in navigation between 1040 and 1117. The true mariner's compass, using a pivoting needle in a dry box, was invented in Europe no later than 1300.

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