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Difference among hypothecation pledge & mortgage

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2011 PLEASE CLARIFY ME DIFFERENC AMONG ABOVE TOPICS

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SKAGRAWAL
BANKOFINDIA
SILIGURI
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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