hypothecation
English
Etymology 1
hypothecate + -ion. From Latin hypothecatio, in turn from hypotheco (“I pledge as collateral”).
Noun
hypothecation (countable and uncountable, plural hypothecations)
- the use of property, or an existing mortgage, as security for a loan, etc.
Derived terms
- rehypothecation
Translations
the use of property as security for a loan
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Etymology 2
Blend of hypothetical + dedication
Noun
hypothecation (plural hypothecations)
- (Britain) A tax levied for a specific expenditure
- 1984, John R. Butler & Michael S. B. Vaile, Health and Health Services: An Introduction to Health Care in Britain, →ISBN, page 68:
- It is, however, precisely here that the weakness of hypothecation lies, for governments are not likely readily to surrender control over the disposition of taxes they impose.
- 2006, Dominic Maxwell, “Towards a citizen's inheritance”, in The Citizen's Stake, →ISBN, page 49:
- So, strict hypothecation is only advisable when the tax pays entirely and only for that spending programme […]
- 2006, Julian Le Grand, Motivation, Agency, and Public Policy, →ISBN, page 155:
- Either way, effectively the government is simply using the hypothecated tax as part of general revenue, and the hypothecation is a sham.
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