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Simple English definitions for legal terms

hypothec

Read a random definition: hadbote

A quick definition of hypothec:

Hypothec is a type of mortgage that a person gives to a creditor to secure a debt. This means that if the person cannot pay back the debt, the creditor can take possession of the property that was used as collateral for the loan. In some cases, like in Scottish law, a landlord can also use hypothec to secure rent payments from a tenant. Other types of hypothec include mariner's hypothec, which is a lien that a seaman or shipowner can assert against a ship for payment of wages or freight costs, and solicitor's hypothec, which is a legal agent's lien for costs in excess of the costs recovered from an opposing party.

A more thorough explanation:

Hypothec is a type of mortgage that is given to a creditor as security for a debt. It is a legal agreement that allows the creditor to take possession of the property if the debtor fails to repay the debt.

  • Landlord's Hypothec: In Scots law, a landlord has the right to secure their rent by holding onto the tenant's personal property, such as furniture and equipment, until the rent is paid. This is different from the English remedy of distress, which allows the landlord to seize the tenant's property without a court order.
  • Mariner's Hypothec: A seaman, freighter, or repairer can assert a lien against a ship for payment of wages or other sums due. This means that they have the right to take possession of the ship if they are not paid what they are owed.
  • Solicitor's Hypothec: A legal agent, such as a solicitor, can assert a lien for costs in excess of the costs recovered from an opposing party. This means that they can hold onto important documents, such as title deeds, until their outstanding account is paid.

These examples illustrate how hypothec can be used in different legal contexts to secure debts and protect the rights of creditors.

hypobolum | hypotheca

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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