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hypothecated

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hypothecated


  1  definition  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Hypothecate  \Hy*poth"e*cate\,  v.  t.  [imp.  &  p.  p. 
  {Hypothecated};  p.  pr  &  vb  n.  {Hypothecating}.]  [LL. 
  hypothecatus  p.  p.  of  hypothecare  to  pledge,  fr  L. 
  hypotheca  pledge,  security.  See  {Hypotheca}.]  (Law) 
  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. 




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