Sunday, December 01, 2013

Word History of Mortgage in India

Word History of Mortgage in India
During 1552-1634, Sir Edward explained , who is the great jurist, succinctly explained how the word mortgage was come from Old French words ‘’ mort’’, ‘’gage’’ and ‘’ dead’’.’’ Pledge’’. If mortgagor does not pay the debt forever, it is dead to him upon condition. If mortgagor does pay the debt, then the pledge/ mortgage is dead with regard to mortgagee.
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