One of the mysteries of the English language finally explained.
Pledge (money) by law to a specific purpose.‘she arranged to hypothecate her half of the equity to pay for the charter’‘a hypothecated tax’
set aside, lay aside, set apart, keep back, appropriate, reserve, keepView synonyms
- ‘Such a free-rider effect encourages some to propose some sort of hypothecated infrastructure tax.’
- ‘According to the Institute of Fiscal Studies, hypothecated taxes are a bit like shares - their value can go down as well as up.’
- ‘The interesting aspect is that none of the ‘Maradonas’ is hypothecated to any financial institution.’
- ‘When a customer hypothecates goods to his bank, he purports to create a security, which constitutes neither a legal mortgage nor a pledge.’
- ‘In most OECD countries these contributions are made through hypothecated taxes (usually imposed on individual taxpayers).’
- ‘It isn't and the claimed hypothecating of traffic fines revenue is just a political ruse.’
- ‘I shall again be told, of course, that the Treasury won't stand for hypothecated taxation.’
- ‘Monies collected will be hypothecated (ring-fenced) for an Environment Fund - just like money collected from the Landfill Tax.’
- ‘A genuine hypothecated Medicare Levy might need to be at least 10% of income.’
- ‘He is thought to be opposed to any hypothecated, or earmarked taxes for health or other services.’
- ‘Another alternative, advocated by some as a response to perceived resistance to tax increases, is a hypothecated tax.’
- ‘The Inter-State Commission was equivocal about hypothecation, but recognised hypothecated payments as contributions toward the cost of road use.’
- ‘Many French taxes and national insurance charges are hypothecated to particular layers of government, or spending funds.’
- ‘Subsequently, other States hypothecated fuel franchise fees until they were struck down as unconstitutional.’
- ‘Of course, New Zealand does not separate out hypothecated social security taxes.’
Early 17th century: from medieval Latin hypothecat- ‘given as a pledge’, from the verb hypothecare, based on Greek hupothēkē (see hypothec).
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