hypothecation

Definition from Wiktionary, a free dictionary

Contents 1 English 1.1 Etymology 1 1.1.1 Noun 1.1.1.1 Translations 1.2 Etymology 2 1.2.1 Noun

[edit] English

[edit] Etymology 1

hypothecate +‎ -ion. From Latin hypothecatio, in turn from hypothecare (“‘to pledge as collateral’”).

[edit] Noun

Wikipedia

hypothecation (plural hypothecations)

1. The use of property, or an existing mortgage, as security for a loan, etc.

[edit] Translations

[edit] Etymology 2

Blend of hypothetical and dedication

[edit] Noun

hypothecation (plural hypothecations)

1. (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.