Sunday Word: Hypothecate

[sallymn]

hypothecate [hahy-poth-i-keyt]

verb:
1 pledge (personal property or a ship) as security for a debt without transferring possession or title
2 to allocate the revenue raised by a tax for a specified purpose

Examples:

The government dismissed calls to redirect existing revenues 'such as from the UK ETS or APD', arguing: "We generally do not hypothecate taxes to particular spending programmes as it can reduce flexibility in spending decisions and lead to a misallocation of resources with reduced value for money for taxpayers." (Ian Taylor, Levy to finance SAF revenue certainty will be passed on to carriers, Travel Weekly, May 2025)

People have always needed money for personal emergencies. If they had no property real or personal to hypothecate, they could borrow on their personal credit only from usurers, who charged 20% and more interest. (Tish Harrison Warren, Business: Loans, TIME, May 1928)

The defendant also undertook to hypothecate a piece of land measuring 5,000 square metres held under parent deed 3413/73, upon finalisation of the relevant paperwork by his legal practitioners, Zuze Law Chambers. (Suspected serial fraudster ordered to pay US$215k debt, The Zimbabwean, October 2024)

She would get Carmen to hypothecate her own interest in this new company, if necessary. (Charles Francis Stocking, Carmen Ariza)

He could buy certificates of city loan for the sinking-fund up to any reasonable amount, hypothecate them where he pleased, and draw his pay from the city without presenting a voucher. (Theodore Dreiser, The Financier)

Origin:
1680s, 'pledge (something) without giving up control of it; pawn; mortgage,' from hypothecat-, past-participle stem of Medieval Latin hypothecare, from Late Latin hypotheca 'a pledge,' from Greek hypothēkē 'a deposit, pledge, mortgage,' from hypo- 'beneath, under' + tithenai 'to put, to place,' from reduplicated form of PIE root dhe- 'to set, put.' (Online Etymology Dictionary)

Comments

[barbaratp]

Então penhorar e hipotecar seria a mesma coisa? Interessante