Rehypothecatio

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?

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Trainee wizard spells are no match for a full-scale horcrux Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

See also

• Rehypothecation
• Prime brokerage
• Hary Poter