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Meaning of ‘hypotheca’
1 definition found.
An obligation by which property of a debtor was made over to his creditor in security of his debt. Note: It differed from pledge in regard to possession of the property subject to the obligation; pledge requiring, simple hypotheca not requiring, possession of it by the creditor. The modern mortgage corresponds very closely with it. Kent.
Source: WordNet 3.0 Copyright 2006 by Princeton University
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