/hɪˈpɒθɪkəri ˈækʃən/ – Phrase
Definition: kiện đòi quyền bán tài sản thế chấp để thu hồi nợ.
A more thorough explanation: A hypothecary action refers to a legal proceeding in which a creditor seeks to enforce a hypothec, which is a right given to a creditor to have a security interest in a debtor’s property until a debt is paid. In a hypothecary action, the creditor may seek to foreclose on the property or otherwise enforce the security interest to satisfy the debt owed by the debtor.
Example: In the case of non-payment, the lender may initiate a hypothecary action to foreclose on the property and recover the outstanding debt.