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
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