out of hock

out of hock

1. Reacquired from a pawnbroker or after being repossessed. 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
Farlex Dictionary of Idioms.

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
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs.
See also:
  • live in
  • hock shop
  • hockshop
  • bootleg
  • cross over
  • face off
  • face-off
  • answer to
  • bag someone
  • bagged