1828 dictionary Noah Webster's 1828 American Dictionary 1828 webster
Noah Webster's 1828 American Dictionary
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H  ›  hypothecate
H  ›  hypothecate
1828 Definition

HYPOTH'ECATE, v.t. [L. hypotheca, a pledge; Gr. to put under, to suppose.]

1. To pledge,and properly to pledge the keel of a ship, that is, the ship itself, as security for the repayment of money borrowed to carry on a voyage. In this case the lender hazards the loss of his money by the loss of the ship, but if the ship returns safe, he received his principal,with the premium or interest agreed on, though it may exceed the legal rate of interest.

2. To pledge, as goods.
1913 Definition
Hypothecate (hypothecate)
v. t.(?)
Hy*poth"e*cate
[imp. *** p. p. Hypothecated (?)] p. pr. *** vb. n. Hypothecating (?).] [LL. hypothecatus, p. p. of hypothecare to pledge, fr. L. hypotheca pledge, security. See Hypothe
  1. To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title] to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry.

    He had found the treasury empty and the pay of the navy in arrear. He had no power to hypothecate any part of the public revenue. Those who lent him money lent it on no security but his bare word. Macaulay.


1828 dictionary
Noah Says...
In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed.. .No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
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