Question

What does the term "hypothecation" refer to as per the

Q: Answer-What does the term 'hypothecation' refer to as per the SARFAESI Act?

Section 2 Definitions n hypothecation means a charge in or upon any movable property, existing or future, created by a borrower in favour of a secured creditor without delivery of possession of the movable property to such creditor, as a security for financial assistance and includes floating charge and crystallisation of such charge into fixed charge on movable property

SARFAESI Act?

A A transfer of ownership of movable property to a secured creditor

B A charge created by a borrower on movable property without delivery of possession to the creditor, as security for financial assistance

C A pledge of movable property by delivering possession to the creditor

D A mortgage on immovable property as security for financial assistance

E A sale agreement for movable property between a borrower and creditor

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What does the term "hypothecation" refer to as per the

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