General
This query is : Resolved
29 April 2014
difference between pledge , mortgage and hypothetication
29 April 2014
refer http://www.allbankingsolutions.com/Banking-Tutor/Pledge-vs-Hypothecation-vs-Mortgage.htm
29 April 2014
Pledge
Security-Movable
Possession- Remains with lender (pledgee)
exampleGold Loan, Advance against NSCs, Adv against goods (also given under hypothecation)
Hypothecation
Security-Movable
Possession-Remains with Borrower
example,Car / Vehilce Loans, Adv against stock and debtors
Mortgage
Security-Immovable
Possession-Usually Remains with Borrower
exampleHousing Loans
Security-Movable
Possession- Remains with lender (pledgee)
exampleGold Loan, Advance against NSCs, Adv against goods (also given under hypothecation)
Hypothecation
Security-Movable
Possession-Remains with Borrower
example,Car / Vehilce Loans, Adv against stock and debtors
Mortgage
Security-Immovable
Possession-Usually Remains with Borrower
exampleHousing Loans
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