मराठी
तामिळनाडू बोर्ड ऑफ सेकेंडरी एज्युकेशनएचएससी वाणिज्य इयत्ता ११

What is pledge? - Commerce

Advertisements
Advertisements

प्रश्न

What is pledge?

टीपा लिहा

उत्तर

A customer transfers the possession of an article with the creditor (banker) and receives a loan. Till the repayment of the loan, the article is under the custody of the borrower. If the debtor fails to refund the loan, the creditor (banker) will auction the article pawned and adjust the outstanding loan from the sale proceeds. 

shaalaa.com
Meaning and Nature of Business Finance
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 19: Sources of Business Finance - Exercises [पृष्ठ २०१]

APPEARS IN

सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 19 Sources of Business Finance
Exercises | Q III. 2. | पृष्ठ २०१
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×