hy·poth·e·cate
hī-ˈpä-thə-ˌkāt
hi-
hypothecated; hypothecating
: to pledge as security without delivery of title or possession
hy·poth·e·cate
hī-ˈpä-thə-ˌkāt
hypothecated; hypothecating
hy·poth·e·ca·tion
hə̇ˌpäthəˈkāshən
(ˌ)hīˌ-
plural -s
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 a debtor or another who has pledged it for the debt to cause the property to be sold to satisfy the claim if payment is defaulted
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Merriam-Webster unabridged



