6.3 Different Types of Security (the Catalogue)

Goods and commodities (the pledge-hypothecation's home — the perishable-and-valuation risks); Shares and debentures (the demat-era faces; the market-value haircuts; the transfer's perfection); Insurance policies (the assignment (the policy's value (the life-policy the classic — the assignment notice to the insurer)); the loss-payable faces); Bank deposits (the term-deposit's pledge (the own-deposit security); the set-off's power — the bank's finest security (the automatic craft)); National saving bonds (the government papers (the savings-bonds-and-certificates' pledge)); Gold (the pledge's classic (the ornament-banking — the Nepal practice's staple)); Immovable property (the mortgage's realm — the primary security's tradition; the valuation- and-title risks (the proper due diligence)); Personal and corporate guarantee (the surety's promise (the third party's credit) — the guarantee's law (the surety's defences: the variance, the discharge (the LAW 305 companion)); the corporate guarantee's authority (the company's resolution — LAW 504's face)); Promissory note (the borrower's signed promise (the evidentiary-and-negotiable craft — Unit 9's instrument as the security)); Letter of comfort (the parent's-or-affiliate's moral support (the non-binding tradition — the comfort NOT the guarantee: the enforceability's debate (the exam's distinction: the guarantee binds, the comfort reassures))). Exam Focus Long questions: (i) The charging methods' five (each: the craft + the perfection — the banker); (ii) The security types' catalogue with the perfection discipline. Short questions: the trust receipt; the hypothecation vs pledge; the letter of…