View synonyms for hypothecation

hypothecation

[ hahy-poth-i-key-shuhn ]

Phonetic (Standard)IPA

noun

the act of pledging movable property, stocks, income-generating contracts, etc., to a creditor as security without actual transfer of ownership:
The laws of Solon permitted hypothecation but forbade personal slavery for debt.
British Government. the act or practice of designating a specific tax to pay for a specific expenditure:
Hypothecation is a dangerous route to go down; if property taxes are used to pay for infrastructure, does that mean those who don’t own property can’t walk on the sidewalks?

Browse