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Anybody explain the difference between mortgage and pledge?? And what is meant by Registered Mortgage.
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Best Answer
Mortgage is term used for creating charge on Immovable properties whereas pledge is used For creating charge over movable properties & in pledge possession of goods are with lender whereas in mortgage possession is retained with the borrower only . Registered mortgage is simply mortgage which is registered with the registrar/ appropriate authority .It's a written agreement which can be later used as an evidence
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