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When a Vehicle is Financed by a Bank, What Kind of Charge Does the Bank Have Over the Primary Security? - Current Affairs Including General Knowledge

MCQ

When a vehicle is financed by a bank, what kind of charge does the bank have over the primary security?

Options

  • Pledge

  • Hypothecation

  • Assignment

  • Lien

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Solution

Hypothecation

Concept: Economic Current Affair (Entrance Exam)
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