contract law

To hypothecate means to pledge any property, real (land and improvements) or personal (other property) to secure a debt, without transfer of title, ; while--

To mortgage means to secure a debt by transferring title to real property, (land and improvements) to the mortgagee, although the mortgage is subject to "defeasance," meaning that if the debt, is paid the transfer of title by the grantor to the mortgagee is cancelled

Ditto.

Much needed.. Thanks Shankar.... Pathi...