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 ?
I have been told of escrow and hypothec, but the latter I believe is not available to foreigners.
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%.
A portion of these facilities and all other obligations of the Company towards the bank are secured by a hypothec on the universality of the Company's assets in the amount of approximately CDN$2,000,000.
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).
The debentures are secured by a hypothec over all of Sonomax's movable property.
3) "security interest" means any interest in property that secures payment or performance of an obligation and includes an interest created by or arising out of a debenture, mortgage, hypothec, lien, pledge, charge, deemed or actual trust, assignment or encumbrance of any kind whatever, however or whenever arising, created, deemed to arise or otherwise provided for105; 224(1.
Investment is influenced by various factors: tax rates, inflation level and cash flow; and the main participants are: investors, hypothec suppliers, renters, government, final real estate users, etc.
Air Canada's obligations under the Credit Agreement are secured by a security interest and hypothec over substantially all of the present and after-acquired property of Air Canada and its subsidiaries.
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.
111) In the latter case, the creditor is well-advised to obtain a hypothec against such property (e.