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What Is "Hypothec"?
"
Mortgage
"Is a kind of security interest established in order to ensure the performance of debt.
debt
A person or third person shall continue to own the immovable property or movable property, and mortgage the property to the creditor through the registration system. When the debtor fails to fulfill the obligation, the creditor shall enjoy priority compensation for the mortgaged property according to law.
Right
For example, mortgage based on real estate mortgage.
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