The difference between a pledge and a mortgage is as follows:
Differences in meaning
1, pledge is the debtor to the creditor to transfer the possession of a piece of property, and the latter to hold the property, in order to serve as a security for the former to fulfill a certain obligation to pay money or performance.
2, the mortgage is the mortgagor and the creditor in writing to enter into an agreement not to transfer possession of the mortgaged property, the property as security for the claim.
Transfer rights are different
1, pledge belongs to one of the security rights, must transfer possession of the pledge, the debtor can not use the pledge.
2, mortgage mortgage does not transfer collateral, the debtor can continue to use the collateral during the debt.
The object of the mortgage is different
1, the object of the pledge can be divided into two kinds of movable assets and rights pledge. Chattel pledge refers to the pledge of things that can be moved and therefore do not jeopardize their utility, and the pledge of rights refers to the pledge of transferable rights as the subject matter.
2, the object of the mortgage is divided into movable and immovable property mortgage, is an important feature of the loan contract. With the pledge is two different types of security.
Object damage bearer is different
1, after the pledge of the pledge of the object of the destruction or reduction in value by the pledgee.
2, after the mortgage collateral destruction or value reduction by the mortgagor responsibility.