Warrantage
Nounवारेंटेज / ऋण के विरुद्ध गोदाम रसीद प्रणाली
Definition
A financial arrangement where agricultural produce is stored in a warehouse as collateral against a loan, with the borrower retaining ownership but the lender holding a warrant
Contextual Sentence: "The government promoted warrantage system to help farmers avoid distress selling by providing credit against stored produce."
💡 Memory Hook (Mnemonic): Warrantage = Warrant + Gage (pledge). Like a warranty guarantees product quality, warrantage guarantees loan security through stored commodities
Synonyms
warehouse receipt system
commodity financing
grain pledge
Antonyms
unsecured lending
direct collateral