Hypothec

[hai'pɒθik]

Definition

(n.) A landlord's right, independently of stipulation, over the stocking (cattle, implements, etc.), and crops of his tenant, as security for payment of rent.

Typed by Billie

Definition

n. in Scotch law a lien or security over goods in respect of a debt due by the owner of the goods.—adj. Hypoth′ecary pertaining to hypothecation or mortgage.—v.t. Hypoth′ecāte to place or assign anything as security under an arrangement: to mortgage.—ns. Hypothecā′tion; Hypoth′ecator.

Inputed by Angela