| 单词 | LETTER OF HYPOTHECATION |
| 释义 | Enables an accepting bank to sell the shipment if the buyer does not accept or pay the bill of exchange. A bank or lender is authorized to seize and sell the documented item if default occurs. In international trade, a letter of hypothecation is a written confirmation. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。