BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hypothecation is:
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A transaction of conditional sale
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A legal transaction whereby goods may be made available as security for a debt
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Transfer of ownership by the borrower to the lender
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None of the above
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Explanation:
Detailed explanation-1: -Under Indian law, hypothecation generally means a charge (fixed or floating) on any tangible moveable property, existing or future, created by a security provider in favour of a lender without the delivery of possession of the tangible moveable property to that lender.
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