Rehypothecatio

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Trainee wizard spells are no match for a full-scale horcrux Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

A spell uttered by boy wizard prime brokerage lawyers to confer magical powers of ownership over customer assets. Used during the Lehman insolvency, to no great effect, but how were these trainee wizards meant to know they were dealing with a full-scale horcrux?

See also

• Rehypothecation
• Prime brokerage
• Hary Poter