hypothecation
/hai.pɒθi'keiʃәn/
📖 中文释义
- n. 不转移占有权的抵押
- [经] 抵押, 抵押权, 押船契约
🔗 释义中的汉语词
📘 English Definition（英文释义）
- 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.
- 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.