hypothecation

hypothecation
\\hə̇ˌpäthəˈkāshən, (ˌ)hīˌ-\ noun (-s)
Etymology: Medieval Latin hypothecation-, hypothecatio, from hypothecatus (past participle) + Latin -ion-, -io -ion
1. Roman, civil, & maritime law : the act or contract by which property (as real property) is hypothecated
2. Roman, civil, & maritime law : the right or power of a creditor or claimant over property owned by his debtor or another who has pledged it for the debt to cause the property to be sold to satisfy his claim if payment is defaulted

Useful english dictionary. 2012.

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Look at other dictionaries:

  • hypothecation — I noun collateral, contract of mortgage, contract of pledge, creation of a lien, guarantee, lien, mortgage, pledge, security associated concepts: hypothecated property II index charge (lien), cloud (incum …   Law dictionary

  • Hypothecation — Hy*poth e*ca tion, n. [LL. hypothecatio.] 1. (Civ. Law) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price… …   The Collaborative International Dictionary of English

  • Hypothecation — See also hypothec. The original use of the word hypothecation was for a pledge of property as collateral for a debt without transfer of possession to the party making the loan. The arrangement is common with modern mortgages the borrower retains… …   Wikipedia

  • hypothecation — A Roman law name for a pawn or pledge wherein the feigned pledge remained in the possession of the pledgor. 41 Am J1st Pldg & Col § 2. A contract whereby, without change of possession, specific property is designated as security for the payment… …   Ballentine's law dictionary

  • hypothecation — (1) An archaic term for pledging that did not involve either possession or title transfer. (2) Any pledge of an asset as collateral for a debt. (An uncommon but correct usage.) (3) The pledge of marketable securities or deposits to secure a loan… …   Financial and business terms

  • hypothecation — 1) An authority given to a banker, usually as a letter of hypothecation, to enable the bank to sell goods that have been pledged to them as security for a loan. It applies when the bank is unable to obtain the goods themselves. The goods have… …   Accounting dictionary

  • hypothecation — 1) An authority given to a banker, usually as a letter of hypothecation, to enable the bank to sell goods that have been pledged (see pledge) to them as security for a loan. It applies when the bank is unable to obtain the goods themselves. The… …   Big dictionary of business and management

  • hypothecation certificate — noun : a certificate attached to a bill of exchange empowering the holder to dispose of merchandise if payment or acceptance is refused called also letter of hypothecation …   Useful english dictionary

  • hypothecation — noun see hypothecate I …   New Collegiate Dictionary

  • hypothecation — See hypothecate. * * * …   Universalium

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