Finance
In Wyoming, hypothecation in real estate finance means:
AThe borrower transfers title to the lender as security
BThe borrower pledges real property as collateral for a loan without giving up possession✓ Correct
CThe lender assumes the property's debt
DBoth parties share in the property's profits
Explanation
Hypothecation is the pledging of property as collateral for a debt without transferring possession or title. In a mortgage or deed of trust, the borrower hypothecates the real property—they keep possession and use of the property while the lender holds the security interest.
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