Fixed Assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2011
Dear Sir/ Ma'am,
Can you please tell me the difference between a pledge & hypothecation.... with an example?
please help me out....
thanks in advance...
Can you please tell me the difference between a pledge & hypothecation.... with an example?
please help me out....
thanks in advance...
02 May 2011
Mortgage: The asset will be with you. there will not any
change in the nomenclature of the asset. For eg. Building,
car, etc., Term loan on fixed assets.
Pledge : The physical position will be with the person from
whom loan has been taken. EG Jewel loan.
Hypothication : The item will be fixed. But individual
items will vary from time to time. Eg stock, Debtors. OD
from banks on hypothication of stock and detbtors
an asset is mortgaged to the bank for a loan.
securities and certificates are pledged (submitted) for loan.
a vehicle is Hypothecated to a bank which finances it.
change in the nomenclature of the asset. For eg. Building,
car, etc., Term loan on fixed assets.
Pledge : The physical position will be with the person from
whom loan has been taken. EG Jewel loan.
Hypothication : The item will be fixed. But individual
items will vary from time to time. Eg stock, Debtors. OD
from banks on hypothication of stock and detbtors
an asset is mortgaged to the bank for a loan.
securities and certificates are pledged (submitted) for loan.
a vehicle is Hypothecated to a bank which finances it.
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2011
thank you sir......
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