The Collaborative International Dictionary
Hypothecate \Hy*poth"e*cate\, v. t. [imp. & p. p. Hypothecated; p. pr. & vb. n. Hypothecating.] [LL. hypothecatus, p. p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypotheca.] (Law) 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.
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.
--Macaulay.
Wiktionary
vb. (en-past of: hypothecate)
Usage examples of "hypothecated".
He had taken half a million in cash, stocks, and bonds, unregistered and hence easily hypothecated and traded on.
In 2BRO2B he hypothecated an America in which almost all of the work was done by machines, and the only people who could get work had three or more Ph.
My husband, Jasper Murdock, provided in his will that no part of his collection might be sold, loaned or hypothecated during my lifetime.