| 释义 |
hypothecation|hɪp-, haɪpɒθɪˈkeɪʃən|
[n. of action f. prec.: see -ation.]
The act of pledging as security; pledging or pawning. In some legal systems applied only to a lien upon immovable property; in others to a lien on personal property, negotiable securities, etc.
1681Stair Instit. i. xiii. §15 (1693) 122 With us there remains the Tacit Hypothecation of the Fruits on the Ground..belonging to the Possessor, for the Terms or the Years Rent. 1755[see hypothecate]. 1756Rolt Dict. Trade s.v. Hypotheca, It was held, that, by the maritime law, every contract of the master implies an hypothecation; but at common law it is not so. 1861Kent's Comm. (1873) I. xvii. 378 The admiralty has cognizance of maritime hypothecations of vessels and goods in foreign ports. 1875Poste Gaius iii. (ed. 2) 371 Hypothecation was effected by mere convention without delivery of possession. |