hypothecation
Definition from Wiktionary, a free dictionary
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[edit] English
[edit] Etymology 1
hypothecate + -ion. From Latin hypothecatio, in turn from hypothecare (“‘to pledge as collateral’”).
[edit] Noun
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Singular |
Plural |
hypothecation (plural hypothecations)
[edit] Translations
the use of property as security for a loan
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[edit] Etymology 2
Blend of hypothetical and dedication
[edit] Noun
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Singular |
Plural |
hypothecation (plural hypothecations)
- (British) A tax levied for a specific expenditure
- 1984, John R. Butler & Michael S. B. Vaile, Health and Health Services: An Introduction to Health Care in Britain[1], ISBN 0710099029, page 68:
- 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.
- 2006, Dominic Maxwell, “Towards a citizen's inheritance”, in The Citizen's Stake[2], ISBN 1861346999, page 49:
- So, strict hypothecation is only advisable when the tax pays entirely and only for that spending programme […]
- 2006, Julian Le Grand, Motivation, Agency, and Public Policy[3], ISBN 0199298912, page 155:
- Either way, effectively the government is simply using the hypothecated tax as part of general revenue, and the hypothecation is a sham.
- 1984, John R. Butler & Michael S. B. Vaile, Health and Health Services: An Introduction to Health Care in Britain[1], ISBN 0710099029, page 68: