hypothecation
Definition
Collateralizing arrangement in which neither the possession nor the title but only the right to sell an asset or property passes on to the creditor or lender (called a grantee). Arrangement where the grantee has the possession and right to sell, but not the title, is called pledging.
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hypothecation is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
hypothecation appears in the definitions of the following terms: pledging and marine interest
hypothecation appears in these other term: letter of hypothecation
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