(of a government or authority) the action of explicitly linking revenue to what it is being spent on
The speed camera business has grown at an exponential rate in the wake of the hypothecation project.
the act of promising money for a particular purpose
Introducing hypothecation would mean that road tax would go on roads.
the use of an asset as security for a loan without transferring legal ownership to the lender
The guarantee is secured by the pledge or hypothecation of 750,000 shares of the Company's common stock beneficially held by Fantele.