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hock

noun (MONEY)
 
 
/hɒk/ US  /hɑːk/

Definition

in hock in debt: The company's entire assets are now in hock to the banks.Borrowing, lending and debt Possessions that are in hock are pawned (= left temporarily with a person in exchange for an amount of money that must be paid back after a limited time to prevent the thing from being sold): Most of her jewellery is in hock.Buying and selling in general
(Definition of hock noun (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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