any info would be great.
2007-12-26 10:46:08 · 6 answers · asked by california_dreamer_chris 2 in Business & Finance ➔ Other - Business & Finance
Hock is another word for pawn. So if a business is pawning it's equipment it is in hock.
2007-12-26 10:53:45 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
I suspect you heard someone say their business was in "hock". It means that the company has a large amount of debt. Usually to the point of having no value.
Hocking something is an old term meaning that it was taken to a pawn shop and used as collateral. This is the lender of last resort so it means all other avenues have been explored.
2007-12-26 10:56:45 · answer #2 · answered by WallBaker 5 · 0⤊ 0⤋
"in hock" means its up for sale...
more accurately it's finances are terrible and is probably being foreclosed on by the bank/debtors.
2007-12-26 10:49:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Do you maybe mean "in hock"? That's slang for deeply in debt.
2007-12-26 10:48:55 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
hey, i just found this title, "Business Spectator - Hawk Capital has 5.91% in Comops"
2007-12-26 10:50:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What does business in'hock mean?
2007-12-26 10:52:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋