hypothecation
Definitions
Accounting
- noun an arrangement in which property such as securities is used as collateral for a loan but without transferring legal ownership to the lender, as opposed to a mortgage, where the lender holds the title to the property
- noun an action of earmarking money derived from specific sources for related expenditure, as when investing taxes from private cars or petrol sales solely on public transport
Economics
- noun the use of property such as securities as collateral for a loan without transferring legal ownership to the lender (as opposed to a mortgage, where the lender holds the title to the property)
- noun the linking of a tax to a particular service, such as earmarking road taxes for the upkeep of roads.
Health Economics
Agriculture
- noun the process of identifying an animal by attaching a tag to its ear
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