Hypothecation
Definition of Hypothecation
Hy`poth`e`ca´tion
n.
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
.
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.
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
.
Word:
Browse
Hypostasize
Hypostatic
Hypostatic union
Hypostatically
Hypostatize
Hyposternum
Hypostome
Hypostrophe
Hypostyle
Hyposulphate
Hyposulphite
Hyposulphuric
Hyposulphuric acid
Hyposulphurous
Hyposulphurous acid
Hypotarsus
Hypotenuse
Hypothec
Hypotheca
Hypothecate
-Hypothecation-
Hypothecator
Hypothenal
Hypothenar
Hypothenusal
Hypothenuse
Hypothesis
Hypothetic
Hypothetical baptism
Hypothetist
Hypotrachelium
Hypotricha
Hypotrochoid
Hypotyposis
Hypoxanthin
Hypozoic
Hyppish
Hyppogriff
Hypsiloid
Hypsiprymnodon
Hypsometer
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