Hypothecation

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1.

The restriction of the use of the proceeds of a tax or other charge, for specific purposes.


Hypothecation of climate change tax
'... some states are calling for hypothecation of the [proposed financial transaction] tax to fund climate change investment.
(The Treasurer, November 2015, p13.)


2.

The pledging of securities or other assets as collateral for a borrowing, without transferring ownership of the assets.


See also