HYPOTHECATING

Verb

hypothecating

present participle of hypothecate

Source: Wiktionary


HYPOTHECATE

Hy*poth"e*cate, v. t. [imp. & p. p. Hypothecated; p. pr. & vb. n. Hypothecating.] Etym: [LL. hypothecatus, p.p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypotheca.] (Law)

Definition: 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.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

27 December 2024

OBLIGATE

(adjective) restricted to a particular condition of life; “an obligate anaerobe can survive only in the absence of oxygen”


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Coffee Trivia

An article published in Harvard Men’s Health Watch in 2012 shows heavy coffee drinkers live longer. The researchers examined data from 400,000 people and found out that men who drank six or more coffee cups per day had a 10% lower death rate.

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