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Definition of Hypothecation
1. n. The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re.
Definition of Hypothecation
1. Noun. The use of property, or an existing mortgage, as security for a loan, etc. ¹
2. Noun. (British) A tax levied for a specific expenditure ¹
¹ Source: wiktionary.com
Definition of Hypothecation
1. [n -S]
Medical Definition of Hypothecation
1. 1. The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re. "There are but few cases, if any, in our law, where an hypothecation, in the strict sense of the Roman law, exists; that is a pledge without possession by the pledgee." (Story) In the modern civil law, this contract has no application to movable property, not even to ships, to which and their cargoes it is most frequently applied in England and America. See Hypothecate. 2. A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry. This term is often applied to mortgages of ships. Origin: LL. Hypothecatio. Source: Websters Dictionary (01 Mar 1998)
Lexicographical Neighbors of Hypothecation
Literary usage of Hypothecation
Below you will find example usage of this term as found in modern and/or classical literature:
1. A Compendium of the Law of Merchant Shipping: With an Appendix Containing by Frederic Philip Maude, Charles Edward Pollock, Gainsford Bruce (1881)
"580 Indemnity to Owner of Cargo on Sale 581 hypothecation is a contract of pledge,
whereby, ... Sometimes the hypothecation is effected by an instrument, ..."
2. A Treatise on the Conflict of Laws; Or, Private International Law by Francis Wharton (1906)
"Now, an agreement for the hypothecation of a specified piece of land is a title
on which registration may be claimed; but this is not so with regard to a ..."
3. A Treatise on the Law of Contracts and Rights and Liabilities Ex Contractu by Charles Greenstreet Addison (1849)
"OF CONTRACTS OF hypothecation, MORTGAGE, AND PLEDGE, AND THE RIGHTS AND LIABILITIES
... The contract of hypothecation, as it existed amongst the Greeks and ..."
4. A Treatise on the Law of Personal Property by James Schouler (1918)
"Before we leave the general subject of chattel mortgages, it may be well to speak
briefly concerning the mortgage and hypothecation of ships and vessels. ..."
5. Foreign Exchange by Albert Conser Whitaker (1919)
"The hypothecation certificate is the instrument in which the drawer of the ...
But not every case of so-called hypothecation in banking practice would seem ..."
6. Treatises on Average, and Adjustments of Losses in Marine Insurance by Willard Phillips, William Benecke (1833)
"... themselves the con- underwriter" sequences of the hypothecation of ship ...
be furnished by any other means than the hypothecation of ship and cargo; ..."
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