Hypothec meaning

hīpäek, hīpäik; hipäek, hipäik
The definition of a hypothec is the right of a creditor to take a borrower's property if a debt or obligation isn't repaid, but in the meantime, the property stays in the borrower's possession.

An example of a hypothec is a person using farming equipment as security for a loan, which can be reclaimed and sold if the loan isn't repaid.

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Security or right given to a creditor over a debtor's property without transfer of possession or title.
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(law) In Scotland, a landlord's right over the stocking (cattle, implements, etc.), and crops of his tenant, as security for payment of rent.
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(colloquial) Everything; the whole lot.

...saddle and all, the whole hypothec turned round and grovelled in the dust below the donkey’s belly.

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