hypothecation
[ hahy-poth-i-key-shuhn ]
/ haɪˌpɒθ ɪˈkeɪ ʃən /
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noun
the act of pledging movable property, stocks, income-generating contracts, etc., to a creditor as security without actual transfer of ownership: The laws of Solon permitted hypothecation but forbade personal slavery for debt.
British Government. the act or practice of designating a specific tax to pay for a specific expenditure: Hypothecation is a dangerous route to go down; if property taxes are used to pay for infrastructure, does that mean those who don’t own property can’t walk on the sidewalks?
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ALL IN FAVO(U)R OF THIS BRITISH VS. AMERICAN ENGLISH QUIZ
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Origin of hypothecation
Words nearby hypothecation
hypothallus, hypothec, hypotheca, hypothecary, hypothecate, hypothecation, hypothecium, hypothenar, hypothenuse, hypothermal, hypothermia
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use hypothecation in a sentence
He raised money for immediate needs by hypothecation of the state securities.
Civil War and Reconstruction in Alabama|Walter L. FlemingDettermain and Newson had declined to undertake the hypothecation of his annuity.
The Adventures of Harry Richmond, Complete|George MeredithHe told briefly the details of the transaction; even the hypothecation of the Parsons bonds.
Unleavened Bread|Robert GrantHis credit was almost unlimited, and he could always raise as much money as he liked on an hypothecation of next year's wool.
Station Amusements|Lady Barker