Sentence Examples

  • In 1899 the government placed a loan of £22,700,000 in Europe at 5% for the conversion of its 6% bonds, securing it by the hypothecation of 62% of its import and export duties.
  • The debt in that country is relatively small in amount, and is not represented by securities based upon hypothecation of the company's real property, as with the American railway bond, resting on a first, second or third mortgage.