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SearchHypothecation | ||
Under English law and in common law jurisdictions derived from English law, there are broadly eight types of proprietary security interest that can arise. HypothecationHypothecation, or "trust receipts" are relatively uncommon forms of security interest whereby the underlying assets are pledged, not by delivery of the assets as in a conventional pledge, but by delivery of a document or other evidence of title. Hypothecation is usually seen in relation to bills of lading, whereby the bill of lading is endorsed the secured party, who, unless the security is redeemed, can claim the property by delivery of the bill. Copyright 2008 - France BtoB from Wikipédia
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