San Mortgage - Definition - Law Dictionary Home Dictionary Definition san-mortgage

Definition :

San-Mortgage, means, a species of mortgage in vogue in Gujarat which is not accompanied by possession of the property secured. Possession is not even necessary to validate it against subsequent mortgages; or even purchasers, whether there be or be not any notice of the san-mortgage. It is a custom recognized by law, Sobhagchand v. Bhaichand, 6 Bom 193 (DB).