The defaulters hypothecated stocks and produced fake warehouse receipts and siphoned the entire default money. The bonds were promptly hypothecated, that is, used as security to borrow money. The Hartwell Paper advocates funding this work by low hypothecated (dedicated) carbon taxes. Where the ship is hypothecated, the bond is called a bottomry bond. When determining their budget arrangements, councils make a distinction between hypothecated funding and non-hypothecated funding. Where both the ship and its cargo are hypothecated, the relationship is called respondentia. The short-seller's promise is known as a hypothecated share. The hypothecated tax can be divided into three groups based on the main characteristics.