Hypothek

mortgage; hypothec

noun hue-poh-TAYK Rare

Origin: from Greek hypotheke via Latin

Usage Note

Hypothek is a lien on real property securing a loan. In everyday German it is used loosely for a home loan, though technically a Grundschuld (land charge) is now more common in practice. Die Hypothek abbezahlen means to pay off the mortgage.

Examples

"Sie nahmen eine Hypothek auf das Haus auf, um den Kauf zu finanzieren."

Natural Translation

They took out a mortgage on the house to finance the purchase.

Literal Translation

They took a mortgage on the house out in order to finance the purchase.

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