Noun

(en noun)

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

Noun

(en noun)

(British) A tax levied for a specific expenditure

*{{quote-book, 1984, John R. Butler & Michael S. B. Vaile, Health and Health Services: An Introduction to Health Care in Britain, isbn=0710099029, page=68 citation

, passage=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.}}

*{{quote-book, 2006, Dominic Maxwell, The Citizen's Stake, chapter=Towards a citizen's inheritance, page=49 citation

, passage=So, strict hypothecation is only advisable when the tax pays entirely and only for that spending programme

*{{quote-book, 2006, , Motivation, Agency, and Public Policy citation

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