Die Hypothek
Example: Viele Familien zahlen ihre Hypothek über zwanzig Jahre ab.
Definition
"Die Hypothek" is a financial term referring to a loan secured by real estate property, typically used to purchase a home or other real property. It involves borrowing money with the property as collateral, which must be repaid over a set period, often with interest.
Etymology
The word "die Hypothek" originates from the Greek word 'hypothēkē,' meaning 'a deposit' or 'pledge.' It entered German through Latin 'hypotheca,' which also means pledge or security. Did you know that the concept has been used since ancient times to secure loans with property?
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"Die Hypothek" appears in the Vocaplus list "German - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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