- tacit hypothecation
- A hypothecation which is implied by law for the security of a creditor.
Ballentine's law dictionary. Anderson, W.S.. 1998.
tacit hypothecation
Look at other dictionaries:
tacit hypothecation — noun see tacit hypothec … Useful english dictionary
tacit — /taesat/ Existing, inferred, or understood without being openly expressed or stated; implied by silence or silent acquiescence, as a tacit agreement or a tacit understanding. State v. Chadwick, 150 Or. 645, 47 P.2d 232, 234. Done or made in… … Black's law dictionary
hypothecation — A Roman law name for a pawn or pledge wherein the feigned pledge remained in the possession of the pledgor. 41 Am J1st Pldg & Col § 2. A contract whereby, without change of possession, specific property is designated as security for the payment… … Ballentine's law dictionary
tacit hypothec — noun or tacit hypothecation : maritime lien … Useful english dictionary
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
privilege — A right peculiar to an individual or body. Ripley v Knight, 123 Mass 519. An advantage held by way of license, franchise, grant, or permission, not possessed by others. Special enjoyment of a good, or exemption from an evil or burden. Wisener v… … Ballentine's law dictionary
Hypothec — See also hypothecation. Hypothec (Lat. hypotheca , Gr. Polytonic|ὐποθήκη: hypothéke ), in Roman law, the most advanced form of the contract of pledge; in modern civil law (legal system), an instrument akin to the common law mortgage.A specific… … Wikipedia
Italy — • In ancient times Italy had several other names: it was called Saturnia, in honour of Saturn; Enotria, wine producing land; Ausonia, land of the Ausonians; Hesperia, land to the west (of Greece); Tyrrhenia, etc. The name Italy, which seems to… … Catholic encyclopedia
