hypothecate
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
Law verb
To pledge property as security for a debt while retaining possession of it.
The shipowner hypothecated the vessel to raise funds for urgent repairs.
Business verb
To pledge an asset as security for a debt without surrendering possession of it.
The shipowner hypothecated the vessel to raise working capital.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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