hypothecations
/haɪˌpɑθəˈkeɪʃənz/
noun
- The act of pledging something as collateral or security for a loan, without transferring ownership or possession.
- In some countries, hypothecation of crops is a common way for farmers to get credit before harvest.
- The contract included a clause about the hypothecation of the borrower's assets.
- The bank required the hypothecation of the company's inventory to secure the loan.
- A legal claim or charge on property that serves as security for a debt, but does not give the lender ownership.
- The hypothecation on the house meant the owner could not sell it without paying off the mortgage.
- During the bankruptcy proceedings, the court reviewed all hypothecations against the company's assets.
- The lender filed a notice of hypothecation with the county recorder's office.
- In modern usage, the earmarking of tax revenues or other funds for a specific purpose.
- Some economists argue that hypothecation of fuel taxes for road maintenance makes sense.
- The government proposed the hypothecation of a portion of the sales tax to fund public education.
- The new law allows for the hypothecation of lottery proceeds to support environmental programs.
Synonyms