Hypothecation

外汇网2021-06-19 20:53:49 59

When a person pledges a mortgage as collateral for a loan, it refers to the right that a banker has to liquidate goods if you fail to service a loan. The term also applies to securities in a margin account used as collateral for money loaned from a brokerage.

|||You are said to "hypothecate" the mortgage when you pledge it as collateral for a loan.

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