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31 March, 18:14

The process of securing a loan by pledging a property without giving up ownership of the property is called

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  1. 31 March, 19:43
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    Answer: Hypothecation

    Explanation:

    Hypothecation is the process where an individual (debtor) secures a loan, by using his/her property as an insurance (collateral) to be claimed by the creditor in case, the individual (debtor) can't meet up with the loan payment.

    Hypothecation is a common practice with commercial banks, where loans are given with a condition that a collateral is presented by the individual seeking the loan.
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