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Distinguish among.......

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(Querist)
14 May 2009 Please explain following terms

Mortgage:

Pledge:

Hypothecation:

Lien:

Thanks in advance
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
15 May 2009 Mortgage - It is used in respect of Long term loans

Pledge / Hypothecation - It is used in respect of Short term loans / CC's

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