Pledge
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Hypothecation
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Mortgage
|
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Type of Security
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Movable
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Movable
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Immovable
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Possession of Security
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Remains with the lender.
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Remains with the Borrower.
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Remains with the Borrower.
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Examples
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Gold Loan, Advance against NSC’s(National Savings Certificate), Advance against
goods.
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Vehicle Loans, Advance against stock.
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Housing Loan.
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