formulate vs hypothecate

formulate and hypothecate both are verbs.

Word	Noun	Adjective	Verb	Adverb
formulate	No	No	Yes	No
hypothecate	No	No	Yes	No

As verbs, hypothecate is a hypernym of formulate; that is, hypothecate is a word with a broader meaning than formulate:

Other hypernyms of formulate include conjecture, hypothesise, hypothesize, speculate, suppose, theorise, theorize.

formulate (verb)	hypothecate (verb)
put into words or an expression	to believe especially on uncertain or tentative grounds
elaborate, as of theories and hypotheses	pledge without delivery or title of possession
come up with (an idea, plan, explanation, theory, or principle) after a mental effort
prepare according to a formula