These bonds they dispose of or hypothecate to obtain loans on.
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He had no power to hypothecate any part of the public revenue.
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Is each undivided co-owner free to hypothecate his or her share of property alone?
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She would get Carmen to hypothecate her own interest in this new company, if necessary.
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It was impossible to hypothecate mining securities of any description in Nevada or San Francisco.
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And then he pledged himself to hypothecate his entire fortune to the rescue of his worthless nephew.
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Therefore, they had drawn lots to determine which should hypothecate his overcoat in order to raise funds.
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For it must be clearly understood that Paul is not asking us to fancy, or imagine, or hypothecate.
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The Civil Code of Québec provides that each undivided co-owner may hypothecate his or her share of the property alone.
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That is, he proposed to hypothecate the vectigalia from the new provinces formed by Pompey in the East for five years.
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The lyrics were in the true Indian language, which made it very difficult for any of the cribbers of the time to hypothecate it.
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A de facto spouse who is the sole owner of the family residence may sell or hypothecate it without the consent of the other partner.
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We recommend the use of this agreement to evidence a relationship in which the pledgor hypothecate its shares to warrant the payment of a sum to the creditor.
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Neither the Corporation nor any participant in the Plan will pledge or hypothecate any rights under the Plan as security for a loan or for any other purpose.
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Or how it makes sense for ministers to hypothecate a specific unpalatable budget cut with possible new spending when everyone knows there are many options available to reduce spending.
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Similarly, a spouse may not, without the consent of the other spouse, alienate, hypothecate or remove from the family residence the movable property serving for the use of the household.
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The private property owner was not forced to participate in the Order nor was his property forcefully confiscated. Private property owners were free to join or leave the orders and were in control of their stewardship. J. Reuben Clark, a member of the First Presidency, explained: > The fundamental principle of this system was the private ownership of > property. Each man owned his portion, or inheritance, or stewardship, with > an absolute title, which he could alienate, or hypothecate, or otherwise > treat as his own.
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The main purpose of hypothecation is to mitigate the creditor's credit risk. If the debtor cannot pay, the creditor possesses the collateral and therefore can claim its ownership, sell it and thus compensate the lacking cash inflows. In a default of the obligor without previous hypothecation, the creditor cannot be sure that it can seize sufficient assets of the debtor. Because hypothecation makes it easier to get the debt and potentially decreases its price; the debtor wants to hypothecate as much debt as possible but the isolation of 'good assets' for the collateral reduces the quality of the rest of the debtor's balance sheet and thus its credit worthiness.
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When King John desired to hypothecate his crown jewels to raise money for a war in France, five of the principal "uncles" of Cornwall - Ben Levi of Truro, Ben Ezra of Penzance, Moses of Megavissey, (the other two names are illegible, see Manuscript CXLIX, British Museum) - formed an association, the Ancient and Honourable Association of Pawnbrokers, to take over his debts. The ‘trade- mark’ of the company was fifteen balls with the motto "One and All" to indicate that no business could be arranged without a quorum of all five members. When Edward I ascended the throne, this association was the most powerful in Cornwall. That Prince, following out his usual policy of exalting the merchant class, chose the trade-mark of the Ancient and Honourable Association of Pawnbrokers to be the coat-of-arms of the county of Cornwall.» Further information on the subject will be found in ‘An Ancyent and Ynterestyng Account of Ye Cornish Arms,’ of which there is a copy in the British Museum.
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