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Hypothecation

February 2, 2013 – by legal glossary

Hypothecation – this is a term of the Civil Law, detailing an act of giving to the bank the assets of a debtor, who has previously obtained a bank loan, in order to be taken to public auction for repayment of the loan.

Read more about debt collection in Bulgaria – http://www.bulgariandeals.com/viewforum.php?f=22

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