hypothec


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hypothec

(haɪˈpɒθɪk)
n
(Law) Roman law Scots law a charge on property in favour of a creditor
[C16: 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]
References in periodicals archive ?
Mortgage is a consumer credit in which the creditor bank receives temporary housing hypothec from the customer as repayment warrant.
Moreover, still at the legislative level, the new code contains some borrowings that have been civilized, in particular the trust (42) and the movable hypothec.
It is a service to keep the registers of transfer, hypothec and registration of any kind under state guarantee.
Just early last year a problem arose related to the change of civil law about the implementation of Hypothec which affect financial lenders.
Mortgage loan interest rate, reimbursement and guarantees Modalities Description Interest Rate Fixed Interests vary according to variations of the indexed rate Progressive Interests increase in accordance with the time course Mixed Combination of regimes Reimbursement Pattern The French method is applied Grace Period Period of time where there is payment of interests without capital amortization Deferred Capital Part of capital in debt is postponed to the end of the loan Guarantees Hypothec Serves as a guarantee in case of absence of debt payments Bail A third economic agent will pay the debt in case of default Life Insurance Covers the loan in case of disability or death Source: Banco de Portugal (2011b).
Where a creditor holds a hypothec on a universality or on an individual thing, the hypothec can extend to property that replaces the original property, if the latter has been alienated.
They are guaranteed by a third hypothec on the universality of the Company s assets and bearing interest at the annual rate of 12%.
The legal environment is very important for negotiations on construction and real estate, because it includes the legislation which regulate real estate, ownership rights and the trust (servitude, usufruct, right to mortgage, long-term rent, hypothec, pledge).
Ainsi, nous traduisons << hypotheque >> par hypothec et non par mortgage.
65) It even goes so far as to create a legal hypothec on the unit sold as security for the unpaid contributions.
To those entitled by their participation in the construction of an immovable, the law gives a Legal Hypothec, which means: