Definition of hypothecate in US English:

hypothecate

verb

[with object]
  • Pledge (money) by law to a specific purpose.

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

Origin

Early 17th century: from medieval Latin hypothecat- ‘given as a pledge’, from the verb hypothecare, based on Greek hupothēkē (see hypothec).

Pronunciation