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Hypothecate |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.09 sec. |
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To pledge property as security or collateral for a debt. Generally, there is no physical transfer of the pledged property to the lender, nor is the lender given title to the property, though he or she has the right to sell the pledged property in the case of default. hypothecate v. from Greek for "pledge," a generic term for using property to secure payment of a loan, which includes mortgages, pledges, and putting up collateral, but the borrower retains possession. (See: secured transaction) |
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? References in periodicals archive |
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Hypothecated taxes--taxes earmarked for a specific purpose such as health care spending--are attractive because polling shows the public is more willing to pay more when they know exactly where the money is going. The securities represented by this certificate have not been registered under the Securities Act of 1933 or the securities laws of any state and neither the securities represented by this certificate nor any beneficial interest therein may be sold, pledged, hypothecated or otherwise transferred except pursuant to an effective registration statement or as set forth in the certificate of designations, limitation, preferences and relative rights relating to the series NDC stock. The securities represented by this certificate have not been registered under the Securities Act of 1933 or the securities laws of any state and neither the securities represented by this certificate nor any beneficial interest therein may be sold, pledged, hypothecated or otherwise transferred except pursuant to an effective registration statement or as set forth in the certificate of designations, limitation, preferences and relative rights relating to the series NDC stock. |
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hypothecated
