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hypothec

[hahy-poth-ik, hi-] /haɪˈpɒθ ɪk, hɪ-/
noun
1.
Roman and Civil Law. a mortgage or security held by a creditor on the property of a debtor without possession of it, created either by agreement or by operation of law.
2.
(in some modern legal systems) a security interest created in immovable property.
Origin
1585-1595
1585-95; earlier hypotheca < Late Latin < Greek hypothḗkē deposit, pledge, mortgage (akin to hypotithénai to deposit as pledge). See hypo-, theca
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for hypothec

hypothec

/haɪˈpɒθɪk/
noun
1.
(Roman law, Scots law) a charge on property in favour of a creditor
Word Origin
C16: from Late Latin hypotheca a security, from Greek hupothēkē deposit, pledge, from hupotithenai to deposit as a security, place under, from hypo- + tithenai to place
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Encyclopedia Article for hypothec

in Roman law, a type of security for a debt in which the creditor had neither ownership nor possession. It arose in cases in which a renter needed the use of the things that he pledged as security for his continued payment of rent, usually tools or equipment necessary for working the land he was renting. Possession could be taken by the creditor only when the debt, or, in this case, the rent, was not paid

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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21
20
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