A word that has the legal meaning of a borrower remaining in possession of property pledged as security for a loan is
A) Possession
B) Collateral
C) Security
D) Hypothecate

Question

Quizplus · Accepted Answer

The word that has the legal meaning of a borrower remaining in possession of property pledged as security for a loan is "hypothecate". In this case, the borrower pledges the property as collateral for the loan, but retains possession of it. Hypothecation is often used in mortgage loans, where the property serves as security for the loan, but the borrower continues to live in and use the property.

A Word That Has the Legal Meaning of a Borrower