hypothecation certificate

noun

: a certificate attached to a bill of exchange empowering the holder to dispose of merchandise if payment or acceptance is refused

called also letter of hypothecation

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now