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III. Nature and Characteristics
(4,866 words)

Volume VI: Property and Trust | Chapter 7 (2014): Security in Immovables

Completed in 2008, with some French references updated to July 2012.

Cornelius G. van der Merwe

A. Introduction

63. – It is generally accepted in most civil law and at least in some common law systems that the essence of a mortgage is that it encumbers a specific parcel of land or other immovable property as security for money owed by the debtor to the creditor. The property is burdened so that…

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Cornelius G. van der Merwe, “III. Nature and Characteristics”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 25 January 2022 <>
First published online: 2018

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