A loan availed by giving the immovable property as security is
Question and options
A loan availed by giving the immovable property as security is
- debt
- lease
- pledge
- mortgage
Answer and explanation
Correct answer: D - mortgage
Under section 58 of the Transfer of Property Act, 1882, a mortgage is the transfer of an interest in specific immovable property to secure the payment of money advanced by way of loan. A pledge is the bailment of movable goods as security (section 172 of the Indian Contract Act, 1872), a lease transfers a right to enjoy property, and a debt is the money owed, not the security.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CUSAT Three-Year LL.B.
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision
Related question papers
Related exam syllabi
More solved explanations in Mortgages & charges
- In which Section of the Transfer of Property Act are the provisions of mortgage defined?
- Which term in the original mortgage deed is a clog on the mortgagor’s right to redeem under section 60 of the Transfer of Property Act, 1882?
- Under section 91 of the Transfer of Property Act, 1882, as in force on 6 November 2026, who cannot redeem the particular mortgage merely in the capacity described?
- Immovable property is made security for a payment obligation by agreement or by operation of law. The transaction does not amount to a mortgage. What does Section…
- Which section of the Transfer of Property Act, 1882 provides the right to foreclosure or sale?