Difference between mortgage and hypothec

[Caito]

Please, can anyone tell me the difference between mortgage and hypothec? I have to translate these terms into spanish and it will help to know the exact meaning of both of them. Thank you

I think they are basically the same.

In Miami we use both terms...

mortgage ['mɔ:gɪdʒ]
I n Fin hipoteca

II vtr Fin hipotecar: he mortgaged his house, hipotecó la casa




chattel mortgage hipoteca mobiliaria
mortgage bond nm título hipotecario
mortgage bond nm bono hipotecario
mortgage broker nm agente hipotecario
mortgage company nf sociedad hipotecaria
mortgage deed nf escritura de hipoteca
mortgage holder nm acreedor hipotecario
mortgage rate nf tasa de interés hipotecaria (finanzas)
mortgage relief nm alivio de deuda hipotecaria
mortgage repayment nm repago de deuda hipotecaria
repayment mortgage hipoteca amortizada (finanzas: conocida en Estados Unidos como "amortized mortgage")

[Caito]

That's what I thought first but I'm working on an Agreement that says: "Pledging, mortgaging, hypothecating, leasing..." so I think there must be some difference. However, thank you very much.

It does not always mean there is a difference in those agreement.

It does not always mean there is a difference in those agreements.