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TeachMeFinance.com - explain Hypothecation certificate historic definition... Hypothecation certificate -- A certificate lodged by the seller with the buyer of a bill of exchange drawn against a shipment of property ; it describes the nature of the shipment and states that the bill of lading, insurance policy, etc., are lodged and pledged with the holder of the bill of exchange as security for the payment of the bill (or for the acceptance of the bill) by the drawee (the one drawn upon). About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.