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Hypothecation vs Pledge - What's the difference?

hypothecation | pledge |

As nouns the difference between hypothecation and pledge

is that hypothecation is the use of property, or an existing mortgage, as security for a loan, etc or hypothecation can be (british) a tax levied for a specific expenditure while pledge is a solemn promise to do something.

As a verb pledge is

to make a solemn promise (to do something).

hypothecation

English

Etymology 1

. (wikipedia hypothecation)

Noun

(en noun)
  • the use of property, or an existing mortgage, as security for a loan, etc.
    • Derived terms
    * rehypothecation

    Etymology 2

    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.}}

    pledge

    English

    (wikipedia pledge)

    Verb

    (pledg)
  • To make a solemn promise (to do something).
  • To deposit something as a security; to pawn.
  • To give assurance of friendship by the act of drinking; to drink to one's health.
  • * 1773 ,
    • HARDCASTLE [Taking the cup.] I hope you'll find it to your mind. I have prepared it with my own hands, and I believe you'll own the ingredients are tolerable. Will you be so good as to pledge me, sir? Here, Mr. Marlow, here is to our better acquaintance. [Drinks.]
  • * 1852 , Matthew Arnold, Tristram and Iseult
    • Reach me my golden cup that stands by thee,
    And pledge me in it first for courtesy.

    Noun

    (en noun)
  • A solemn promise to do something.
  • Something given by a person who is borrowing money etc to the person he has borrowed it from, to be kept until the money etc is returned.
  • A person who has taken a pledge of allegiance to a college fraternity, but not yet formally approved.
  • A security to guarantee payment of a debt.
  • A drinking toast.
  • A promise to abstain from drinking alcohol.

    • Synonyms

    * (l) * (l)

    Derived terms

    * (l) * (l)