6.2 Different Types of Security and Their Perfection

The perfection's craft (the exam's discipline): each security's legal-completion step — the pledge: the delivery; the hypothecation: the agreement-and-the stock-reports; the assignment: the notice; the mortgage: the registration; the shares: the transfer-deed-and-the register; the deposit: the lien-and-the-assignment (the term-deposit receipt's pledge); the guarantee: the contract's execution. The perfection's failure = the security's weakness (the unsecured-creditor's fall).