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term:
Hypothecate
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hypothecate vt
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-cat·ed
-cat·ing
[Medieval Latin hypothecare to pledge, from Late Latin hypotheca pledge, from Greek hypothēkē, from hypotithenai to put under, deposit as pledge]
: to pledge as security without delivery of title or possession compare pawn
hy·poth·e·ca·tion [-pÄ -thə-kā-shən]
n
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.