GOES INTO HOCK Meaning and
Definition
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The phrase "goes into hock" is an idiomatic expression that is often used informally to mean going into debt or borrowing a large sum of money to meet financial obligations. It typically refers to a situation where an individual or organization has exhausted their available funds and resorts to borrowing money as a temporary solution.
In a more formal dictionary definition, "goes into hock" means to pledge or pawn one's belongings, securities, or assets as collateral to obtain a loan. The term "hock" originates from a pawnbroker's or moneylender's practice of accepting valuable items as security for a loan. When someone "goes into hock," they essentially pledge their valuables or assets in exchange for a loan, putting them at risk of losing the pledged possessions if they are unable to repay the debt.
This phrase is primarily used to describe financial difficulties or desperate measures taken by individuals or businesses to overcome a financial crisis. It suggests a situation where one is forced to sacrifice personal belongings or assets to obtain the necessary funds to fulfill financial obligations.
Overall, "goes into hock" conveys the idea of entering into debt by offering valuable items as security or collateral for a loan, emphasizing the temporary nature of the solution and the potential consequences if the debt is not repaid.
Common Misspellings for GOES INTO HOCK
- foes into hock
- voes into hock
- boes into hock
- hoes into hock
- yoes into hock
- toes into hock
- gies into hock
- gkes into hock
- gles into hock
- gpes into hock
- g0es into hock
- g9es into hock
- gows into hock
- goss into hock
- gods into hock
- gors into hock
- go4s into hock
- go3s into hock
- goea into hock
