August 8 2013

Legal Vocabulary: Hypothecate

The meaning of hypothecate is “to pledge property as security or collateral for a debt. Generally, there is no physical transfer of the pledged property to the lender, nor is the lender given title to the property, though he or she has the right to sell the pledged property in the case of default.”

Machine Brief:
Option #1: hypothecate= HAOI/PO*T/KAIT

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Posted August 8, 2013 by Elsie Villega in category "Legal", "Vocabulary

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