Physics, asked by sameeraafaque015, 2 months ago

explain modes of charging?

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Answered by Anonymous

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Answer:

Heya Mate

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Explanation:

When a charge is created, the bank gets certain rights on the tangible assets. In case the borrower fails to repay the advance, the bank can recover its money by disposing of those assets in the market. The important methods of creating a charge are: (1) pledge, (2) hypothecation, and (3) mortgage.

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