Definition of Hypothec. Meaning of Hypothec. Synonyms of Hypothec

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Definition of Hypothec

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Hypotheca
Hypotheca Hy`po*the"ca, n. [L., fr. Gr. ? a thing subject to some obligation, fr. ? to put under, put down, pledge. See Hypothesis.] (Rom. Law) An obligation by which property of a debtor was made over to his creditor in security of his debt. Note: It differed from pledge in regard to possession of the property subject to the obligation; pledge requiring, simple hypotheca not requiring, possession of it by the creditor. The modern mortgage corresponds very closely with it. --Kent.
Hypothecate
Hypothecate Hy*poth"e*cate, v. t. [imp. & p. p. Hypothecated; p. pr. & vb. n. Hypothecating.] [LL. hypothecatus, p. p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypotheca.] (Law) To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry. He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word. --Macaulay.
Hypothecated
Hypothecate Hy*poth"e*cate, v. t. [imp. & p. p. Hypothecated; p. pr. & vb. n. Hypothecating.] [LL. hypothecatus, p. p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypotheca.] (Law) To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry. He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word. --Macaulay.
Hypothecating
Hypothecate Hy*poth"e*cate, v. t. [imp. & p. p. Hypothecated; p. pr. & vb. n. Hypothecating.] [LL. hypothecatus, p. p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypotheca.] (Law) To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry. He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word. --Macaulay.
Hypothecation
Hypothecation Hy*poth`e*ca"tion, n. [LL. hypothecatio.] 1. (Civ. Law) 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. --Pothier. B. R. Curtis. 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. Note: 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. --B. R. Curtis. Domat. 2. (Law of Shipping) 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. Note: This term is often applied to mortgages of ships.
Hypothecator
Hypothecator Hy*poth"e*ca`tor, n. (Law) One who hypothecates or pledges anything as security for the repayment of money borrowed.
Rehypothecate
Rehypothecate Re`hy*poth"e*cate (r?`h?*p?th"?*k?t), v. t. (Law) To hypothecate again. -- Re`hy*poth`e*ca"tion, n.
Rehypothecation
Rehypothecate Re`hy*poth"e*cate (r?`h?*p?th"?*k?t), v. t. (Law) To hypothecate again. -- Re`hy*poth`e*ca"tion, n.

Meaning of Hypothec from wikipedia

- Hypothec (/haɪˈpɒθɪk, ˈhaɪpɒθ-/; German: Hypothek, French: hypothèque, from Lat. hypotheca, from Gk. ὑποθήκη: hypothēkē), sometimes tacit hypothec, is...
- being the tacit hypothec of the seller under a hire purchase agreement. The lessor’s tacit hypothec, also known as the landlord’s hypothec, arises out of...
- jurisdictions only allows hypothec as the sole security interest applicable to real estate and (in some cases) marine vessels (ship hypothec), while allowing only...
- simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds...
- In a ship mortgage (common law) or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security...
- property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider...
- is no similar institution to the mortgage in the civil law, however a hypothec is a device to secure real rights against property. These real rights follow...
- second ark, Tak' back my word an' sen' anither spate, Droon oot the hale hypothec, dicht the sklate, Own my mistak', an, aince I cleared the brod, Start...
- the goods are subject to an en****brance (such as a mortgage, charge or hypothec), or even stolen, the bill of lading will not grant full title to the holder...
- I-15, s. 6: Interest on Moneys Secured by Mortgage on Real Property or Hypothec on Immovables". Justice Laws Website. Department of Justice (Canada). 2002-12-31...