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hypothec
(redirected from hypothecs)

   Also found in: Wikipedia 0.01 sec.
hypothec [haɪˈpɒθɪk]
n
(Law) Roman and Scots law a charge on property in favour of a creditor
[from Late Latin hypotheca a security, from Greek hupothēkē deposit, pledge, from hupotithenai to deposit as a security, place under, from hypo- + tithenai to place]


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In addition to second ranking hypothecs on Place Alexis Nihon and Centre Laval, the facility is secured by a first ranking hypothec on the properties located at 1080 Beaver Hall Hill, Montreal, Quebec; 2102-2150, 32nd Avenue, Montreal (Lachine), Quebec; and 1615-1805, 55th Avenue, Montreal (Dorval), Quebec.
The weighted average term to maturity on assumed hypothecs was 5.
 
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