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Monday, May 6th, 2024
the Sixth Week after Easter
the Sixth Week after Easter
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Bible Dictionaries
Hypothecation
Webster's Dictionary
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(1):
(n.) A contract whereby, in consideration of money advanced for the necessities of the ship, the vessel, freight, or cargo is made liable for its repayment, provided the ship arrives in safety. It is usually effected by a bottomry bond. See Bottomry.
(2):
(n.) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re.
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These files are public domain.
Text Courtesy of BibleSupport.com. Used by Permission.
Bibliography Information
Webster, Noah. Entry for 'Hypothecation'. Noah Webster's American Dictionary. https://www.studylight.org/dictionaries/eng/web/h/hypothecation.html. 1828.
Webster, Noah. Entry for 'Hypothecation'. Noah Webster's American Dictionary. https://www.studylight.org/dictionaries/eng/web/h/hypothecation.html. 1828.
