hypothecation

hypothecationsubstantiv
hypothecations
Pl.
Übersetzungen
The bank required hypothecation of the property as collateral for the loan.
Банк потребовал гипотекацию имущества в качестве залога по кредиту.
Definitionen
The act of pledging an asset as collateral for a loan without giving up possession of it.
The bank required hypothecation of the company's equipment to secure the business loan.
A legal agreement in which a borrower pledges an asset as security for a debt, typically without transferring title or possession.
The hypothecation agreement allowed the borrower to continue using the vehicle while it was pledged as collateral.
The earmarking of specific tax revenues for a particular public expenditure or purpose.
Opponents of road-pricing criticised the hypothecation of fuel duties for highway maintenance.