☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Hypothecation (ULTIMATE FINAL)

Pledging without surrendering — the borrower keeps possession while the lender holds a lien. The mortgage hypothecates; the security agreement hypothecates. You use it; they hold a claim on it.

Etymology: Greek: 'hypotheke' — pledge · Category: Banking & Finance · Source: Black's Law Dictionary
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