SG Heritage Dictionary

Hypotheca [Noun] Webster's Dictionary 1913

An obligation by which property of a debtor was made over to his creditor in security of his debt.

Hypothecate [Verb transitive] Webster's Dictionary 1828

1. To pledge, and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal, with the premium or interest agreed on, though it may exceed the legal rate of interest.

2. To pledge, as goods.

Hypothecate [Verb transitive] Webster's Dictionary 1913

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.

Hypothecated [Participle passive] Webster's Dictionary 1828

Pledged, as security for money borrowed.

Hypothecated [Imperfect tense and past participle] Webster's Dictionary 1913

of Hypothecate

Hypothecating [Participle present tense] Webster's Dictionary 1828

Pledging as security.

Hypothecating [Present participle and verbal noun] Webster's Dictionary 1913

of Hypothecate

Hypothecation [Noun] Webster's Dictionary 1828

The act of pledging, as a ship or goods, for the repayment of money borrowed to carry on a voyage; otherwise called bottomry.

Hypothecation [Noun] Webster's Dictionary 1913

1. 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.

2. 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.

Hypothecator [Noun] Webster's Dictionary 1828

One who pledges a ship or other property, as security for the repayment of money borrowed.

Hypothecator [Noun] Webster's Dictionary 1913

One who hypothecates or pledges anything as security for the repayment of money borrowed.