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What does hypothecate mean?

Looking for the meaning or definition of the word hypothecate? Here's what it means.

Verb
  1. (transitive) To pledge (something) as surety for a loan; to pawn, mortgage.
  2. (politics) To designate a new tax or tax increase for a specific expenditure
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Examples
The Civil Code of Québec provides that each undivided co-owner may hypothecate his or her share of the property alone.
A de facto spouse who is the sole owner of the family residence may sell or hypothecate it without the consent of the other partner.
For it must be clearly understood that Paul is not asking us to fancy, or imagine, or hypothecate.
Therefore, they had drawn lots to determine which should hypothecate his overcoat in order to raise funds.
She would get Carmen to hypothecate her own interest in this new company, if necessary.
Is each undivided co-owner free to hypothecate his or her share of property alone?

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