Explain the different methods of charging securities: pledge, hypothecation, trust receipts, assignment and mortgage.

The charging methods (the exam's five): Pledge: the goods' DELIVERY (the possession transferred to the lender (the pawn's lineage) — the bailment's security; the pledgee's care-and-redelivery duty; the default's sale (the notice's discipline)); Hypothecation: the goods' charge WITHOUT delivery (the borrower keeps possession (the stock-and-book-debts' floating face) — the constructive charge; the documents' discipline (the hypothecation agreement); the conversion's risk (the borrower's sale the lender's monitoring problem)); Trust receipts: the goods' release to the borrower-in-trust (the importer's craft: the bank pays, the goods released against the receipt (the sale's proceeds held in trust for the bank) — the trust's discipline; the misuse the criminal face (the Banking Offence Act's Unit 11 companion)); Assignment: the chose-in-action's transfer (the receivables, the insurance policies, the contract-rights — the assignor's notice-to-the-debtor (the assignment's perfection craft (the LAW 305 companion))); Mortgage: the immovable's charge (the transfer-of-property craft: the registered mortgage (the title's deposit-and-registration faces), the equitable faces; the foreclosure-and-sale remedies (the Loan Recovery Act's auction — Unit 7); the redemption the mortgagor's right).