Category: Politics
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Power In Its Place
Hypothecation is a fancy word for offering security on a debt; thus hypothetically (sic), a bank owns a house until a lender repays the mortgage. Stretching this definition, if a Government wants to persuade private investors (rather than call on their hard-pressed Treasury) to support the building of new roads, they can hypothecate on the…
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Hypothecation
Hypothecation is a fancy word for offering security on a debt; thus hypothetically (sic), a bank owns a house until a lender repays the mortgage. Stretching this definition, if a Government wants to persuade private investors (rather than call on their hard-pressed Treasury) to support the building of new roads, they can hypothecate on the…