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Hypothec

   Also found in: Wikipedia 0.01 sec.
Hy`poth´ec
n.1.(Scot. Law) A landlord's right, independently of stipulation, over the stocking (cattle, implements, etc.), and crops of his tenant, as security for payment of rent.
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The credit facility is secured by a first ranking hypothec on three income-producing properties having a total net carrying amount of $46,149 and a second ranking hypothec on two income-producing properties having a total net carrying amount of $243,201.
Alexis Nihon REIT Announces Fourth Quarter and 2005 Year-End Results by Business Wire
In addition, the Company has issued an irrevocable letter of credit amounting to $389,282, along with a first rank movable hypothec, which can be subordinated in regard to lending institutions, of $1,000,000 covering the Company's tangible assets located in the rented premises.
Ecopia BioSciences Inc.: 2005 Operating Highlights and Financial ... by Business Wire
The Corporation also had an authorized operating line of credit of $500,000, secured by a first ranking movable hypothec on accounts receivable and inventories, which was unused as of September 30, 2005.
Bioxel Pharma Announces Results for the Third Quarter of 2005 by Business Wire
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