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Simple English definitions for legal terms

nantissement

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A quick definition of nantissement:

Term: Nantissement

Definition: Nantissement is a French legal term that refers to a type of security or pledge. It can be used to secure a loan or debt by offering movable or immovable property as collateral. When movable property is used, it is called "gage," and when immovable property such as real estate is used, it is called "antichrèse."

A more thorough explanation:

Nantissement (non-tis-mahn) is a legal term used in French law to refer to a security or pledge.

When the security or pledge involves movable property, it is called "gage." On the other hand, when it involves immovable property such as real estate, it is called "antichrèse."

An example of nantissement is when a borrower pledges their car as collateral for a loan. In this case, the car serves as security for the lender in case the borrower defaults on the loan.

Another example is when a property owner pledges their house as collateral for a mortgage. The house serves as security for the lender in case the borrower fails to make the mortgage payments.

These examples illustrate how nantissement works in practice. It is a legal mechanism that allows lenders to secure their loans by taking possession of the borrower's property in case of default.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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