Word of the DayTuesday, March 19, 2013
\hahy-POTH-i-keyt, hi-\ , verb;
to pledge to a creditor as security without delivering over; mortgage.
to put in pledge by delivery, as stocks given as security for a loan.
Then you hypothecate your stock in company number one, and you had your dummy directors lend you more money, and you buy another trust company.
-- Upton Sinclair, The Moneychangers, 1920
He could buy certificates of city loan for the sinking-fund up to any reasonable amount, hypothecate them where he pleased, and draw his pay from the city without presenting a voucher.
-- Theodor Dreiser, The Financier, 1912
Hypothecate first entered English in the late 1600s, originally from the Greek roots hypo- and tithenai meaning "to put down."
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