Basics Flashcards
1
Q
What is a Notarial bond?
A
A way of giving security of tangible OR intangible MOVABLE property
2
Q
How is a notarial bond different to pledge?
A
The property doesn’t have to be delivered to the creditor
3
Q
What does a special notarial bond offer?
A
Security over specific property
4
Q
What are the 2 types of notarial bonds?
A
General and special
5
Q
What is the creditor called?
A
Bond holder
6
Q
What is the debtor called?
A
Debtor
7
Q
Instead of saying the property is “bonded”, we say its
A
Hypothecated
