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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词条贡献者

双语律师李明，国际知名法学院法律专业，擅长翻译各类与政府监管相关的法律文件。