Pledge without delivery or title of possession
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See
Verb
to believe especially on uncertain or tentative grounds; "Scientists supposed that large dinosaurs lived in swamps"
Verb
pledge without delivery or title of possession
v. t.
To subject, as property, to liability for a debt or
engagement without delivery of possession or transfer of title; to
pledge without delivery of possession; to mortgage, as ships, or other
personal property; to make a contract by bottomry. See Hypothecation,
Bottomry.
Hypothecate
He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word.
To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See
Usage Examples
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