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

译者蒋毅，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与破产与资产重组相关的法律文件。