Depinisyon ng hypothecation, Kahulugan ng hypothecation

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Definition of hypothecation

English to English

noun

The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re.

source: Webster 1913

Nearby Word

hypothecation, hepatization