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hy•poth•ec



Pronunciation: (hī-poth'ik, hi-), [key]
n.
1. Roman and Civ. Law.a mortgage or security held by a creditor on the property of a debtor without possession of it, created either by agreement or by operation of law.
2. (in some modern legal systems) a security interest created in immovable property.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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