hypothec

[hahy-puh-thek]

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

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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.