What Is The Difference Between Charge And Mortgage?


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Charles  Bosse Profile
Charles Bosse answered

A mortgage is a conveyance of property, subject to a right of redemption, whereas a charge only gives a right to payment out of a particular immovable property without transferring it. A mortgage can be enforced against a purchaser for value whether with or without notice but a charge cannot. 

Anonymous Profile
Anonymous answered
You can say mortgage is fixed charge on specific property by a single party.
While charge include both fixed and floating charge.
Floating charge is on pool of Assets or kind of assets like inventory subject to fluctuation in value. Priorities are given in charge as multiple parties' interest is involved.

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