Word for the day..let’s get legalized!


CPA with stack of formsWord for the day..let’s get legalized!

I’m in the middle of preparing a Living Trust for Wade and I, and I was reading the final document when I came upon this jawbreaker: hypothecate.

hypothecate  (tr.v.)
To pledge (property) as security or collateral for a debt without transfer of title or possession.

Etymology: [Medieval Latin hypothcre, hypothct-, from Latin hypothca, pledge, deposit, from Greek hupothk, from hupotithenai, to give as a pledge, suppose; see hypothesis.]

Source cited: http://www.thefreedictionary.com/hypothecate

The reason I prefer the Free Online Dictionary to Wikipedia for my definitions is that the Free Online Dictionary has this cool little function that allows you to hear the word pronounced properly, and, that they have a better etymology section for the words.

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