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If money is hypothecated what does this mean?

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If money is hypothecated what does this mean?
posted Nov 23, 2020 by Madhavi Latha

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1 Answer

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The spending of it has been pledged to a specific purpose
A hypothecated tax is a tax for a specified purpose, the revenue from which is ringfenced to be spent only for that purpose.

answer Nov 24, 2020 by Pankaj Deshmukh
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