Hypothecation Synonyms & Definitions
Synonyms are words that have the same or almost the same meaning and the definition is the detailed explanation of the word. This page will help you out finding the Definition & Synonyms of hundreds of words mentioned on this page. Check out the page and learn more about the English vocabulary.
• HypothecationDefinition & Meaning in English
- (n.) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re.
- (n.) A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry.