hypotheca (Meaning)
Webster
hypotheca (n.)
An obligation by which property of a debtor was made over to his creditor in security of his debt.
Synonyms & Antonyms of hypotheca
No Synonyms and anytonyms found
hypotheca Sentence Examples
- The bank holds a hypotheca on the property until the mortgage is fully paid.
- The creditor has a hypotheca over the land as security for the loan.
- The lender obtained a hypotheca to protect its interest in the property.
- The purchase of the house was finalized upon the establishment of a hypotheca.
- By law, a hypotheca conveys a lien on the property that takes precedence over other claims.
- The hypotheca entitles the creditor to seize and sell the property if the loan is not repaid.
- The hypotheca is registered in the public records to provide notice of the creditor's interest.
- Once the hypotheca is canceled, the property is free and clear of the creditor's claim.
- The amount of the hypotheca is typically equal to the principal balance of the loan.
- In some jurisdictions, the term "hypotheca" is used interchangeably with "mortgage."
FAQs About the word hypotheca
An obligation by which property of a debtor was made over to his creditor in security of his debt.
No synonyms found.
No antonyms found.
The bank holds a hypotheca on the property until the mortgage is fully paid.
The creditor has a hypotheca over the land as security for the loan.
The lender obtained a hypotheca to protect its interest in the property.
The purchase of the house was finalized upon the establishment of a hypotheca.
