Hip


Hip
Hip Hip noun [countable]
PROPERTY home income plan; an arrangement that allows you to have an income from the equity in your home (= the part of your home's value that would belong to you if the house was sold):

• The alternative to the mortgage-based Hip is a plan where you sell, rather than mortgage, part or all of your house.

— see also ship

* * *

Hip UK US noun [C] PROPERTY
ABBREVIATION for Home income plan: in the UK, an arrangement in which someone receives a regular income from the equity in their home (= its value if it were sold and any loans were paid back): »

Generally, you have to be 65 or over and own a house worth £60,000 to qualify for a Hip, but rules vary from firm to firm.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Hip — Hip, n. [OE. hipe, huppe, AS. hype; akin to D. heup, OHG. huf, G. h[ u]fte, Dan. hofte, Sw. h[ o]ft, Goth. hups; cf. Icel. huppr, and also Gr. ? the hollow above the hips of cattle, and Lith. kumpis ham.] [1913 Webster] 1. The projecting region… …   The Collaborative International Dictionary of English

  • Hip — ist ein adjektivischer, ursprünglich in der afro amerikanischen Umgangssprache[1] der USA entstandener Begriff, der etwa seit den 1960er Jahren in einen internationalen Sprachgebrauch übergegangen ist. Außerhalb der USA gilt er als ein Begriff… …   Deutsch Wikipedia

  • hip — hip1 [hip] n. [ME hipe < OE hype, akin to Ger hüfte (OHG huf) < IE * keub , to bend, as at a joint (< base * keu , to bend, bend over) > L cubare, to lie, Gr kybos, hollow above the hips of cattle] 1. a) the part of the human body… …   English World dictionary

  • hip — [ ip; hip ] interj. • av. 1882; interj. angl., onomat. ♦ Marque l enthousiasme, la joie, la victoire. Hip hip hip ! hourra ! ⇒HIP, interj., voir HOURRA. 1. hip [ ip; hip] interj. ÉTYM. 1889; interj. angl., onomatopée. ❖ ♦ Marque l enthousiasme,… …   Encyclopédie Universelle

  • Hip — Hip, v. t. [imp. & p. p. {Hipped}; p. pr. & vb. n. {Hipping}.] 1. To dislocate or sprain the hip of, to fracture or injure the hip bone of (a quadruped) in such a manner as to produce a permanent depression of that side. [1913 Webster] 2. To… …   The Collaborative International Dictionary of English

  • *hip ! — ● hip ! interjection (onomatopée anglaise) Hip, hip, hip, hourra !, marque la joie, la victoire, les félicitations. ● hip ! (expressions) interjection (onomatopée anglaise) Hip, hip, hip, hourra !, marque la joie, la victoire, les félicitations …   Encyclopédie Universelle

  • hip — Ⅰ. hip [1] ► NOUN 1) a projection of the pelvis and upper thigh bone on each side of the body. 2) (hips) the circumference of the body at the buttocks. 3) the edge formed where two sloping sides of a roof meet. DERIVATIVES hipped adjective …   English terms dictionary

  • Hip — Hip, n. [OE. hepe, AS. he[ o]pe; cf. OHG. hiufo a bramble bush.] (Bot.) The fruit of a rosebush, especially of the English dog rose ({Rosa canina}); called also {rose hip}. [Written also {hop}, {hep}.] [1913 Webster] {Hip tree} (Bot.), the dog… …   The Collaborative International Dictionary of English

  • Hip — Hip, interj. Used to excite attention or as a signal; as, hip, hip, hurra! …   The Collaborative International Dictionary of English

  • hip — inter. ES ingl. {{wmetafile0}} spec. ripetuto, esprime esultanza: hip, hip, hip, urrà!; anche s.m.inv. {{line}} {{/line}} DATA: 1904. ETIMO: voce onom …   Dizionario italiano


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