DEFINATION WITH EXAMPLE
This query is : Resolved
25 April 2020
Please inform me in details the concept of HYPOTHECATION & MORTGAGE with example.
KAVIRAJA ADDANGADI
(Expert)
25 April 2020
A mortgage is taken for a huge amount and tenure period is also more.
Hypothecation is done for a small amount. Tenure is shorter period.
A mortgage is done mortgage deed for immovable properties like land, building, warehouse, etc. Hypothecation, on the other hand, is done hypothication deed for movable properties like cars, vehicles, stocks
Hypothecation is done for a small amount. Tenure is shorter period.
A mortgage is done mortgage deed for immovable properties like land, building, warehouse, etc. Hypothecation, on the other hand, is done hypothication deed for movable properties like cars, vehicles, stocks
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