0 a situation in which money from a particular tax is only spent on one particular thing:
1 a situation in which an organization borrows money in relation to particular assets that become the property of the lender if the borrower cannot pay back the loan:
Unlike motorway tolling, this hypothecation does not work; it will not benefit those who have to pay.
Apparently, she is ditching him too, because she supports some form of hypothecation.
I do not wish to indulge in the debate about hypothecation.
There is another reason to be wary of proposals involving hypothecation.
That is a specious argument that rests on hypothecation.
There will also be a general review of hypothecation arrangements before the first 10-year period has elapsed so that future arrangements can be decided.
An important weakness of hypothecation is that it does not take into account the changing patterns of priority and expenditure.
There is certainly no question of hypothecation of those revenues.
