Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
hypothecation
n. The pledging of something as security without delivery of title or possession. - hypothecator (hipoth-a-kay-tar), n. tacit hypothecation. 1. Civil law. A type of lien or mortgage that is created by operation of law and without the parties' express agreement. - Also termed tacit mortgage. 2. See maritime lien under LIEN.
hypothecation bond.
A bond given in the contract of bottomry or respondentia.
tacit hypothecation
See HYPOTHECATION.