hypothecs
/haɪˈpɑθɛks/
noun
- A type of mortgage or legal claim on property used as security for a debt, without transferring ownership to the lender.
- He couldn't sell the land because there was an existing hypothec from a previous debt.
- Under civil law, a hypothec gives the creditor a right over the debtor's property.
- The bank registered a hypothec on the house to secure the loan.
Synonyms