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Nilanjana Ganguly
Resource Centre / Categories :- Legal Formats  » Corporate Law
DEED OF HYPOTHECATION
Nilanjana Ganguly | 13/04/9507

Hypothecation involves providing an item as collateral security to the lender. Herein, the lender is the owner, and the creditor enjoys the possession. In the event of default on the part of the borrower, the lender may exercise his right of possession to seize the asset.

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