hypothec Definition
a legal right to hold or sell someone's property as security for a debt.
Using hypothec: Examples
Take a moment to familiarize yourself with how "hypothec" can be used in various situations through the following examples!
Example
The bank had a hypothec on the property until the loan was repaid.
Example
The hypothec allowed the lender to seize the property if the borrower failed to repay the loan.
hypothec Synonyms and Antonyms
Synonyms for hypothec
๐
Summary: hypothec in Brief
The term 'hypothec' [hahy-puh-thek] refers to a legal right to hold or sell someone's property as security for a debt. It is similar to a mortgage or pledge and allows the lender to seize the property if the borrower fails to repay the loan.