Economics · Banking System
What is meant by the term 'Mortgage' in the banking and financial sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transferring the absolute title of movable goods to the lender without possession
- 2Creating a security interest over immovable property to cover a loan✓
- 3The registration of a floating charge with the Registrar of Companies
- 4The sale of movable security by the bank in case of a borrower's default
Correct answer
Creating a security interest over immovable property to cover a loan
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