Definition of Mortgage (Simple Meaning of Mortgage):
Mortgage is a transfer interest in immovable properrty to secure an advanced loan, or an existing debt or a future performance of a obligation. Transfer of property Act contemplates leaves of mortgages, they are:
Simple Mortgage
Mortgage by conditional sale
Usufructuary mortgage
English Mortgage
Mortgage by Deposit of title deeds
Anomalous Mortgage.
keywords:
tyypes of mortgages and meaning, jaiib and caiib exam.
Mortgage is a transfer interest in immovable properrty to secure an advanced loan, or an existing debt or a future performance of a obligation. Transfer of property Act contemplates leaves of mortgages, they are:
Simple Mortgage
Mortgage by conditional sale
Usufructuary mortgage
English Mortgage
Mortgage by Deposit of title deeds
Anomalous Mortgage.
keywords:
tyypes of mortgages and meaning, jaiib and caiib exam.
No comments:
Post a Comment