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Tacit hypothecation

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

In the civil law, a species of lien or mortgage which is created by operation f law without any express agreement of the parties.

Mackeld. Rom. Law, § 343.

In admiralty law, this term is sometimes applied to a maritime lien, which is not, strictly speaking, an hypothecation in the Roman sense of the term, though it resembles it.

See The Nestor, 1 Sumn. 73. 18 Fed. Cas. 9,