Hypothecation

09.07.2013 07:27

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Hypothecation

1) Means to pledge, usually money. In the transport context, it is the process whereby money secured from investment in transport measures (eg car parking fees, road charging/tolling, etc) is reinvested into the network, ideally to benefit public transport and other sustainable transport modes.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.119 (288 p.)


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