hypothecation
Hypothecation is a 13 letter word which starts with the letter H and ends with the letter N for which we found 2 definitions.
| Definition |
|---|
| (n.) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing or jus in re. |
| (n.) A contract whereby in consideration of money advanced for the necessities of the ship the vessel freight or cargo is made liable for its repayment provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry. |
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