The PAL Bank of Neoxian: daily contracts: 2019-06-13

in bank •  5 years ago 

The Bank of Neoxian shall loan the sum of 650 steem to @nonsowrites. He promises to repay 730 steem. He shall pay 365 steem per month until 730 steem is reached. The first payment shall be July 14th, 2019.

The Bank retains the Steem account of @nonsowrites and shall return it when this loan is complete.

@nonsowrites shall hereafter be known as the lendee…
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.


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I accept.

Posted using Partiko Android

Interesting. What is the point of this loan? Why not just use a delegation?

Posted using Partiko iOS

Loans and delegations are two different things. You'll have to ask Nonsowrites what the loan is for. (I don't always ask.)

@neoxian,
Congratz for the contract and hope this might be another successful deal as well!

Cheers~

Making money in additionally token as well. That's the right business man. 👍

Posted using Partiko Android

The Bank Of @neoxian Is A #PAL Of Everyone Because It Is A Friendly Bank

the Best Pal for steemians on the steem blockchain always :)

Great service

Posted using Partiko Android

Seriously going to have to read up some more about what you do with the "banking" "loaning" etc seems interesting Neoxian

Great post..
I like it this post..
Thanks for sharing this post..
I appreciate your valuable post..

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