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LSDefine

Simple English definitions for legal terms

hypotheca

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A quick definition of hypotheca:

Term: hypotheca

Definition: Hypotheca is a type of mortgage in Roman law where the person who owes money is allowed to keep the property but cannot sell it. It is a way to secure a loan without giving up ownership of the property.

A more thorough explanation:

Definition: Hypotheca is a type of mortgage in Roman law where the debtor is allowed to keep the property but cannot sell or transfer it to someone else. This means that the creditor has a right to the property if the debtor fails to pay back the loan.

Example: John takes out a loan from a bank to buy a house. The bank puts a hypotheca on the house, which means that John can still live in the house and use it as his own, but he cannot sell it or transfer ownership to someone else until he pays back the loan. If John fails to pay back the loan, the bank can take possession of the house.

Explanation: This example illustrates how hypotheca works in practice. The bank has a right to the property as security for the loan, but John can still use the property until he pays back the loan. If he fails to do so, the bank can take possession of the property and sell it to recover the money owed.

hypothec | hypothecaria actio

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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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
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