What is the difference between a charge on an asset and a mortgaged asset? Kindly explain the 2 concepts with a short example.
What is the difference between a charge on an asset and a mortgaged asset? Kindly explain the 2 concepts with a short example.
charge is a wider concept. a charge is created on asset by way of various modes. e.g, mortgage, hypothecation, Pledge , lien, assignment etc.
Thanks a lot Sir!
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