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 ?
In Canada, the surety will register under the Personal Property Security Act or will register movable hypothecs under the Quebec Civil code;
167) Hypothecs were restricted to immovables under art 2016 CCLC, but under art 2660 CCQ may attach to movables or immuvables.
170) More importantly, hypothecs attached to the original obligation are preserved, even if the original debtor is discharged.
111) In the latter case, the creditor is well-advised to obtain a hypothec against such property (e.
All legal hypothecs of construction will be ranked on said sale price before any other published hypothec (conventional mortgage) for the total of the increased value added to the immovable.
In those circumstances, the deed of sale will contain a resolutory clause, which permits the seller to repossess his property free of any charges, including the legal hypothecs of construction.
Outside merchants also provided loans in the form of hypothecs to the French Canadian population.
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 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.
Some coverage is also devoted to hypothecs on aircraft (nos.
Payette apparently takes the position that the two governing principles in this field are those set out in article 2647 ("Prior claims and hypothecs are the legal causes of preference") and article 1801 ("Any clause by which a creditor, with a view to securing the performance of the obligation of his debtor, reserves the right to become the irrevocable owner of the property or to dispose of it is deemed not written").
The weighted average term to maturity on assumed hypothecs was 5.