Difference among hypothecation pledge & mortgage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2011
PLEASE CLARIFY ME DIFFERENC AMONG ABOVE TOPICS
THANKS
SKAGRAWAL
BANKOFINDIA
SILIGURI
THANKS
SKAGRAWAL
BANKOFINDIA
SILIGURI
17 August 2011
In a mortgage there is transfer of interest in the immovable property till the re-payment of the loan.
Hypothecation involves movable property, which is given as security for the loan. Possession of movable property remains with the debtor.
In pledge too, movable property is the security. Here, the lender is given possession of the movable property.
Hypothecation involves movable property, which is given as security for the loan. Possession of movable property remains with the debtor.
In pledge too, movable property is the security. Here, the lender is given possession of the movable property.
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