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Which mode of security Banks provide to people?
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written 3.5 years ago by
prajapatijaimin
• 3.3k
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Solution:
Mode of Security:
- Banks provide a credit on the basis of the following modes of security :
Hypothecation:
Under this mode of security, the banks provide credit to borrowers against the security of movable property, the usual inventory of goods.
The goods hypothecated, however, continue to be in the …
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