Rehypothecation vs Hypothecate - What's the difference?
rehypothecation | hypothecate | Derived terms |
(finance) The pledge of hypothecated client-owned securities in a margin account to secure a bank loan; usually used for mortgages.
To pledge (something) as surety for a loan; to pawn, mortgage.
*1943 , (Raymond Chandler), The High Window , Penguin 2005, p. 12:
*:‘My husband, Jasper Murdock, provided in his will that no part of his collection might be sold, loaned or hypothecated during my lifetime.’
(politics, British) To designate a new tax or tax increase for a specific expenditure