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27 January, 01:30

The right to encumber goods as collateral for a debt is dependent on who is holding title.

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  1. 27 January, 04:02
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    This is an encumbrance. This is a claim against a person or entity's property by someone other than the owner. These are usually in the form of liens or mortgages, and can make it difficult (or illegal) to transfer the property to another person.
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