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Meanong of pledge loan facility

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Anonymous

10y ago
Updated: 8/21/2019

A Pledge loan facility is a fundamental facility intended to provide finance to Paddy Millers and Paddy Wholesale dealers to have them purchase adequate stocks during the harvesting season.

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Wiki User

10y ago

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A Pledge is a right to hold goods or title of goods delivered for valuable consideration until advance made to a person against their security are repaid , with a right to the pledge( Bank ) to sell in the event of non - payment .


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pledged loan -- A mortgage loan that has been identified and set aside as security for borrowing by the holder of the mortgage; particularly a loan that has been pledged as security for an advance from a Federal Home Loan Bank.


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