hypothecation certificate

noun

Definition of hypothecation certificate

: 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

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Learn More About hypothecation certificate

Dictionary Entries Near hypothecation certificate

hypothecate

hypothecation certificate

hypothecatory

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Cite this Entry

“Hypothecation certificate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/hypothecation%20certificate. Accessed 3 Jul. 2022.

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