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Hypothecation refers to the right that a creditor has to liquidate goods, securities, or other [[assets]], if you fail to service a loan.
Hypothecation refers to the right that a creditor has to liquidate goods, securities, or other [[assets]], if you fail to service a loan.
A '''sub-prime mortgage''' is one where the credit-worthiness of the borrower or his ability to repay the loan is questionable.
A '''[[sub-prime mortgage]]''' is one where the borrower has a demonstrated inability to abide by the terms of a credit obligation.
== See also ==
== See also ==
*[[Glossary of Budget Terms]]
*[[Glossary of Budget Terms]]
*[[Accounting]]
*[[Accounting]]
*[[Mortgage insurance]]
*[[Free Enterprise]]
*[[Free Enterprise]]