☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Hypothecation (Detail)

The pledging of property as security without surrendering possession — a ship owner hypothecates the vessel through a bottomry bond; a homeowner hypothecates through a mortgage.

Etymology: Greek: 'hypotheke' — pledge · Category: Admiralty & Commercial · Source: Black's Law Dictionary
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