hypothecate
Meaning
- (transitive) To pledge (something) as surety for a loan; to pawn, mortgage.
- (British) To designate a new tax or tax increase for a specific expenditure.
- (Australia) To designate in advance the specific purpose of expenditure for government revenues (especially taxes).
Synonyms
Translations
Pronounced as (IPA)
/hʌɪˈpɒθɪkeɪt/
Etymology
From Latin hypothecatus, past participle of hypotheco, hypothecare. This was in turn derived from Ancient Greek ὑποθήκη (hupothḗkē, “pledge”), from the verb ὑποτίθημι (hupotíthēmi, “to pledge as surety”).
Notes
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