pignus — meaning in English
Latin → English · translate English → Latin instead
English meaning
Senses
pignus is used for these senses in English:
- mortgage (legal) A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.
- pledge (law) A bailment of personal property to secure payment of a debt without transfer of title.
mortgage — full definition
- noun A loan used to buy property, where the property itself is used as security for the debt.
- verb To borrow money against a property, or to risk something valuable in order to get an immediate benefit.
pledge — full definition
- verb To make a solemn promise to do something.
- verb To hand something over as security for a loan or debt.
- noun A solemn promise.
- noun Something handed over as security or collateral.