Business Studies, asked by imran493, 11 months ago

What is the meaning of hypothecation?

Answers

Answered by AravindhPrabu2005

18

Answer:

Hypothecation is the practice where a debtor pledges collateral to secure a debt or as a condition precedent to the debt, or a third party pledges collateral for the debtor. A letter of hypothecation is the usual instrument for carrying out the pledge.

Answered by meenayadav45411

2

Answer:

Hypothecation is the practice where a debtor pledges collateral to secure a debt or as a condition precedent to the debt, or a third party pledges collateral for the debtor. A letter of hypothecation is the usual instrument for carrying out the pledge

Explanation:

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