out of hock

out of hock

1. Reacquired from a pawnbroker or repossessor. Adapted from the verb "hock" meaning to sell or pawn My car got repossessed yesterday. I have to get it out of hock soon, or I won't be able to get to work! I sold my favorite necklace a week ago to pay my electricity bill. Thankfully my sister got it out of hock for me earlier today.
2. No longer having a debt owed to one or more other people, corporations, banks, etc. It feels so good to finally be out of hock. Now I can finally start a meaningful savings account. I know that they've been struggling to get out of hock for years.
See also: hock, of, out

out of hock

 
1. Lit. [of something] bought back from a pawn shop. When I get my watch out of hock, I will always be on time.
2. Fig. out of debt; having one's debts paid. When I pay off my credit cards, I'll be out of hock for the first time in years.
See also: hock, of, out