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Word of the Day
Tuesday, March 19, 2013

Definitions for hypothecate

  1. to pledge to a creditor as security without delivering over; mortgage.
  2. to put in pledge by delivery, as stocks given as security for a loan.

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Citations for hypothecate
Then you hypothecate your stock in company number one, and you had your dummy directors lend you more money, and you buy another trust company. Upton Sinclair, The Moneychangers, 1920
He could buy certificates of city loan for the sinking-fund up to any reasonable amount, hypothecate them where he pleased, and draw his pay from the city without presenting a voucher. Theodor Dreiser, The Financier, 1912
Origin of hypothecate
Hypothecate first entered English in the late 1600s, originally from the Greek roots hypo- and tithenai meaning "to put down."
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