Meaning of hypothecation | Babel Free

Definitions

1. The use of property, or an existing mortgage, as security for a loan, etc.
   countable, uncountable
2. A tax levied for a specific expenditure.
   British, countable, uncountable

Equivalents

Examples

“After the deperdition of Indagator, having an appetency still further to pervstigate the frithy occident; being still an agamist, and not wishing to be any longer a pedaneous viator, nor to be solivagant, I brought about the emption of a yaud, partly by numismatic mutuation, and partly by a hypothecation of my fusee and argental horologe.”

“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⟳.”

“So, strict hypothecation is only advisable when the tax pays entirely and only for that spending programme […]”

“Either way, effectively the government is simply using the hypothecated tax as part of general revenue, and the hypothecation is a sham.”

“Local authorities have⟳ linked the scheme to broader climate ambitions. Indeed, some of the funding for the stations has come⟳ from hypothecation of monies received through Birmingham's Clean⟳ Air Zone charges.”

CEFR level