hypothecate

hypothecate Definition

hy·poth·ecate (hī pät̸h′i kāt′, hi-)

transitive verb -·cat′ed, -·cat′·ing

to pledge (property) to another as security without transferring possession or title
hypothesize

Etymology: < ML hypothecatus, pp. of hypothecare, to hypothecate < LL hypotheca: see hypothec

hypothecate Related Forms

hy·poth′·eca′·tion noun hy·poth′·eca′·tor noun

hypothecate Law Definition

To grant a security interest in something as collateral for a debt.

hypothecate Usage Examples

Object

taxation: It could possibly be hypothecated taxation from spectrum receipts.
revenue: Fines for road haulage offenses are too low, and should be raised significantly, with revenue hypothecated back into enforcement resources.
tax: To my mind, there is an overwhelming case for a hypothecated tax channeled specifically into the NHS.
funding: The Service cannot afford a repeat of its recent experience with hypothecated funding for IT.
fund: In consequence the acceptance of externally provided hypothecated funds must be authorized by P&RC or by Council.
taxis: We will explore the use of hypothecated taxes and charges within the local authority finance system.

Preposition: for

improvement: Revenue from road charging should be hypothecated for public transport improvements ( including rail ) and not confined to road schemes.
purpose: The great majority of funding allocated to PCTs is not hypothecated for specific purposes.

Browse dictionary entries near hypothecate