What is the difference between Mortgage, Pledge and
Hypothecation? Reply.....
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Answer Posted / rajkiran
Mortgage is charge on immovable property. e.g. land, house, e.t.c. (an exception is ships, though they are movable)
Pledge or Hypothecation is charge on movable assets.
Pledge is when the lender takes the possession of goods, e.g. gold, certificates, e.t.c. In case of a default by the borrower, the ownership is transferred to the lender.
Hypothecation is when the possession of the goods is with the borrower, e.g. vehicle loans, loan against stocks. In case of a default by the borrower, the possession and ownership will be transferred to the lender.
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