A practice in which a broker pledges the same collateral, initially posted by a client, to a bank to collateralize...

A practice whereby a broker pledges the same collateral, initially posted by a client, to a bank to collateralize a...

A security or right which is given to a creditor over a debtor's property without transfer of possession or title....

The pledging of a property by a debtor as collateral to secure a loan. Hypothecation doesn't transfer possession or title...