hypothecation

hypothecation (hI-poth-[schwa]-kay-sh[schwa]n), n. The pledging of something as security without delivery of title or possession. [Cases: Pledges 1–21; Secured Transactions

1. C.J.S. Pledges §§ 2–21, 27; Secured Transactions§§ 3, 7–9, 23, 37.] — hypothecator (hI-poth-[schwa]-kay-t[schwa]r), n.

general hypothecation.

1. A debtor’s pledge to allow all the property named in the security instrument to serve as collateral and to be used to satisfy the outstanding debt.

2. See tacit hypothecation (1), (2).

tacit hypothecation.

1. Civil law. A type of lien or mortgage that is created by operation of law and without the parties’ express agreement.

— Also termed tacit mortgage.

2. See maritime lien under LIEN.

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法律翻译Max，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译有关电信和互联网领域的法律文件。