hypothecary
- Pertaining to a right or security granted to a lender over a borrower's property through an agreement, or by law, without requiring changes in possession or ownership of the property
- A hypothecary claim is made on the debtor's property for the repayment of his debt.
- The creditor has a hypothecary right on the borrower's property as security.
- In the event of a default, the hypothecary obligation allows the creditor to claim the debtor's property.
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