Today’s “Word of the Day” is hypothecate and it is a verb meaning “pledge (an asset/(property) as collateral/surety to secure/obtain a loan from a lender without giving up title, possession, or ownership rights”.
Example Sentence: But of course, Jeff Bezos is the kind of widely acclaimed visionary who simply lacks the vision to realise that the first way to help is by paying people a fair wage and forking out your taxes like an ordinary person… Unfortunately, he’s part of that specific billionaire class that believes they should be allowed to hypothecate almost 100% of their own vast riches in whichever direction they wish,…
This word is present in The Guardian article All hail Jeff Bezos the philanthropist! The rest of us will just keep paying our taxes and click here to read it.
Courtesy: The Guardian
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