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1828 Noah Webster Dictionary
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1828.mshaffer.com › Word [hypothecate]

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hypothecate

HYPOTH'ECATE, v.t. [L. hypotheca, a pledge; Gr. to put under, to suppose.]

1. To pledge,and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal,with the premium or interest agreed on, though it may exceed the legal rate of interest.

2. To pledge, as goods.


Evolution (or devolution) of this word [hypothecate]

1828 Webster1844 Webster1913 Webster

HYPOTH'ECATE, v.t. [L. hypotheca, a pledge; Gr. to put under, to suppose.]

1. To pledge,and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal,with the premium or interest agreed on, though it may exceed the legal rate of interest.

2. To pledge, as goods.

HY-POTH'E-CATE, v.t. [L. hypotheca, a pledge; Gr. υποθηκη, from υποτιθημι, to put under, to suppose.]

  1. To pledge, and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship; but if the ship returns safe, he receives his principal, with the premium or interest agreed on, though it may exceed the legal rate of interest. Blackstone. Park.
  2. To pledge, as goods. Park.

Hy*poth"e*cate
  1. To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title] to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry.

    He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word. Macaulay.

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Hypothecate

HYPOTH'ECATE, verb transitive [Latin hypotheca, a pledge; Gr. to put under, to suppose.]

1. To pledge, and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal, with the premium or interest agreed on, though it may exceed the legal rate of interest.

2. To pledge, as goods.

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— Christine (Rockwall, TX)

Word of the Day

importance

IMPORT'ANCE, n.

1. Weight; consequence; a bearing on some interest; that quality of any thing by which it may affect a measure, interest or result. The education of youth is of great importance to a free government. A religious education is of infinite importance to every human being.

2. Weight or consequence in the scale of being.

Thy own importance know.

Nor bound thy narrow views to things below.

3. Weight or consequence in self-estimation.

He believes himself a man of importance.

4. Thing implied; matter; subject; importunity. [In these senses, obsolete.]

Random Word

mown

MOWN, pp. Cut with a scythe.

1. Cleared of grass with a scythe, as land.

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