Healty is defined in the United States as a proprietary market where goods are sold through a contract. Usually in the United States the term healty refers to how goods are purchased and sold, though in other nations the phrase healty is employed when discussing how money is earned. The idea of healty can be traced to the common law, in which the goods sold through a contract were considered as “commonly possessed.” Although this common law concept was dropped in favor of the modern system of contract law in England and the United States, there are still those that believe in its importance in today’s economy.
One common type of healty relates to land. Common law allowed people to hold title to a parcel of land as a right of inheritance. This is the way that family farms and business properties are passed from one generation to another. Some individuals may choose to build on the land while others lease it out or sell it.
Another form of healty occurs when money is transferred between parties in a transaction. This can take many forms, from selling goods to borrowing money from a friend or relative. It also can come in the form of promising services for a sum of money to another party. This is commonly known as hire-and-lock, a practice that dates back to Roman times. Today, it is commonplace in Hollywood movies to exchange money for property.
Money exchange is a popular form of healty, too. Unlike land, money exchange does not require a title or inheritance. Instead, it is simply the process of borrowing money from another person in exchange for goods that have been promised. For example, a merchant might give his clerk money so that he may purchase supplies for his store. When the clerk promises to repay the money, the merchant has the right to take possession of the goods until such time as the agreed upon repayment is complete.
In other cases, money exchange occurs between friends. Perhaps a brother wants to purchase a piano for his sister, or a neighbor wants to sell his cousin some handmade jewelry. In these cases, the party receiving the money exchanges it for the object being sold. Sometimes, there is an agreement that the money will be returned if the exchange is not completed, but this rarely occurs because the parties are usually friends.
Regardless, of how the money exchange occurs, the basic principle remains: the more value a party adds to the goods or items for which they exchange, the higher their healty. Healty is the increase in value of something that results from lending, borrowing, or promising to return or pay for something else. This applies to all kinds of property: real estate, personal property, livestock, financial assets, and even intangible personal items like art and other collectibles. Because the property is a unique type of ownership, each case in which it occurs is subject to healty laws that specify the extent of the transfer and any corresponding penalties.