plse tell me what is difference between mortagage, hypothecation and pledge?
difference between mortagage, hypotheecation and pledge?
abhishek bhatt (CA student) (136 Points)
09 January 2009
abhishek bhatt (CA student) (136 Points)
09 January 2009plse tell me what is difference between mortagage, hypothecation and pledge?
madhur gupta
(student/article )
(1022 Points)
Replied 10 January 2009
mortgage:for fixed assets
hypothetication:for current assets,under this u can sale the stock etc.also but not under mortgage
pledge:when actual possession of asset is hand-over to lender
Prakash Popat
(3134 Points)
Replied 11 January 2009
Mortgage is possession njoy by borrowrs and may be for fixed assets long duration,hypothecations for current asstets like, INVENTORIES,possessions enjoy by borrowers as trustee of lenders and could rotate the inventories, and PLEDGE is practically physical possessions of assets to be controlled by bankers.
CAclubindia
