Hypothecation
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Hypothecation is a noun meaning The use of property, or an existing mortgage, as security for a loan, etc.
Meaning
The use of property, or an existing mortgage, as security for a loan, etc.
More Meanings
- (British) A tax levied for a specific expenditure.
Example Sentences
So, strict hypothecation is only advisable when the tax pays entirely and only for that spending programme […]
Either way, effectively the government is simply using the hypothecated tax as part of general revenue, and the hypothecation is a sham.
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.
Local authorities have linked the scheme to broader climate ambitions. Indeed, some of the funding for the stations has come from hypothecation of monies received through Birmingham's Clean Air Zone charges.
Word Forms
- hypothecations
Related Words
Related dictionary entries include rehypothecation, hypothec, security, mortgage, hock, mortage.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.