from The American Heritage® Dictionary of the English Language, 4th Edition
- transitive v. To pledge (property) as security or collateral for a debt without transfer of title or possession.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To pledge (something) as surety for a loan; to pawn, mortgage.
- v. To designate a new tax or tax increase for a specific expenditure
from the GNU version of the Collaborative International Dictionary of English
- transitive v. To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See hypothecation, bottomry.
from The Century Dictionary and Cyclopedia
- To pledge to a creditor in security for some debt or demand, but without giving the creditor corporeal control; mortgage, leaving the owner in possession.
- To put in pledge by delivery, as stocks or effects of any kind, as security for a debt or other obligation.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- v. to believe especially on uncertain or tentative grounds
- v. pledge without delivery or title of possession
Yesterday's term was hypothecate, which is defined as:
If Jason's daddy was a schlepper with no collateral to hypothecate this mortgage wouldn't get done today.
When the Senator is trapped in the coils of his own creation – did he hypothesize or hypothecate?
“He is trying to hypothecate the lot or any part of it at one-fifty.”
He could buy certificates of city loan for the sinking-fund up to any reasonable amount, hypothecate them where he pleased, and draw his pay from the city without presenting a voucher.
For example, both Scalia and Rehnquist misused the word “hypothecate,” apparently confusing it with the near homonym “hypothesize,” which, admittedly, a dictionary or two will give as a secondary definition (in my view, this merely a reification of the sound-alike confusion and reflects the descriptive (as opposed to prescriptive) philosophy of the editor).
She had arranged to hypothecate her half of the equity, to pay for the charter.
So, I'm not going to hypothecate that anything goes too fast.
There was no course for Sandford, then, but to sell or hypothecate the shares of stock he held.
They hypothecate a condition in which utter promiscuity prevailed.
Wordnik is becoming a not-for-profit! Read our announcement here.