Antichresis - Law Dictionary Search Results
Home Dictionary Name: antichresisantichresis
antichresis [New Latin, from Greek, from anti- opposite + chrēsis use, from chrēsthai to use, need] in the civil law of Louisiana : a written pledge and transfer from a debtor to a creditor of possession of immovable property giving the creditor the right to the fruits (as rents) of the property which are to be deducted from the interest or principal of the debt compare pawn ...
Antichresis
Antichresis [fr. avtlxpnois, Gk.], in the Civil Law a covenant or convention whereby a person borrowing money of another engages or makes over his lands or goods to the creditor, with the use and occupation thereof, for the interest of the money lent. This covenant was allowed by the Romans, among whom usury was prohibited; it was afterwards called MORT-gage to distinguish it from a simple engagement, where the fruits of the ground were not alienated, which was called VIF-gage, i.e., vivum vadium. The obsolete Welsh mortgage bears a resemblance to this kind of pledge, I Domat, b. iii. Tit. I. s. i art. 28; Story on Bailments, 307, par. 344....
pawn
pawn 1 a : a pledge and transfer of possession of movable or personal property to a creditor which gives the creditor the privilege of satisfying the debt from the property (as by selling it) if the debt is not repaid within a specified time ;also : the property pledged [shall not take as a any workman's tools] compare antichresis b : the state of being so pledged or burdened by such a pledge [goods held in ] 2 : the act of pawning vt : to put (personal or movable property) in pawn [when it is redeemed by the person who ed it] compare hypothecate pawn·er [pȯ-nər] or paw·nor [same or pȯ-nȯr] n ...
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