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Anonymous Posted 14 years ago
Business & Finance
finance
Can i get the meaning of the sentence given below..??
Hypothecation is the practice where a borrower pledges collateral to secure a debt or a borrower, as a condition precedent to a loan, has a third party (usually an affiliate) pledge collateral for the borrower.
Hypothecation is the practice where a borrower pledges collateral to secure a debt or a borrower, as a condition precedent to a loan, has a third party (usually an affiliate) pledge collateral for the borrower.
Top answer
Hi, Can you please underline the parts you have trouble with? Clive
- Hi, Can you please underline the parts you have trouble with?
- Clive
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