A) Mortgage
B) Nomination
C) Assignment
D) Hypothecation
E) Pledge
Correct Answer: A
Solution :
Mortgage is used for creating charge against immovable property which includes land, buildings or anything that is attached to the earth or permanently fastened to anything attached to the earth. The best example when mortgage is created is when someone takes a Home Loan. In this case house is mortgaged in favour of the bank, but remains in possession of the borrower.
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