MONEY VS MONIES WORTH?

What does this mean and what were you actually loaned?

It really is as different as apples and pears.

If someone wanted some apples and could only complete the bargain by providing pears then that exchange would be complete. (If accepted of course.)

If you wanted apples but completed the bargain with “Money”(1) then that exchange would be complete.

In both scenarios the person had to have the apples.

If you go to the Post Office to get your Euros you pay over “Money” (1).

That exchange is complete as you agreed to it but the PO took a cut for providing the service of “Exchange” (3).

In this case the PO had to have the Euro’s.

If you wanted “Credit” (2) and the only thing you had access to was a “Promise to pay” (3).

When do you think this transaction completes the bargain?
So what happens when you get a “Mortgage” (4)?

You think that someone is going to lend you the money that they have and you agree to paying this money back with interest because that is how it is in a commercial transaction.

For a contract or agreement to take place there has to be a number of elements.

If you thought that “Money” (1) was being lent, as opposed to be advanced “Credit” (2) would you have had the same intent or could it be argued that “Mutual Intent” (5) never existed in the transaction for the bargain to complete?

(1) Money =
(2) Credit =
(3) Exchange =
(4) Mortgage =
(5) Mutual Intent =
(6) Monies Worth =

Therefore in what circumstances does Money EQUAL Monies worth?

Answers on a postcard …