Hypothecate
Legal Definition and Related Resources of Hypothecate
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Hypothecate
To pledge without parting with possession to the pledgee , as security for a debt. Hypothecation is a civil law concept and the closest the common law approaches hypothecation are bottomry bonds and the claim of seamen for wages who have a lien against the ship.
Hypothecate Alternative Definition
To pledge a thing without delivering the possession of it to the pledgee. "The master, when abroad, and in the absence of the owner, may hypothecate the ship, freight, and cargo, to raise money requisite for the completion of the voyage." 3 Kent, Comm. 171.
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Hypothecate in Historical Law
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This definition of Hypothecate is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
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Concept of Hypothecate in the context of Real Property
A short definition of Hypothecate: To mortgage or pledge without delivery of the security to the lender.
Concept of Hypothecate in the context of Real Property
A short definition of Hypothecate: To mortgage or pledge without delivery of the security to the lender.