less than 1 minute read

Hypothecate

Law Library - American Law and Legal InformationFree Legal Encyclopedia: Health and Safety Commission (HSC) to Hypothetical Question

To pledge property as security or collateral for a debt. Generally, there is no physical transfer of the pledged property to the lender, nor is the lender given title to the property, though he or she has the right to sell the pledged property in the case of default.

Additional topics