Simple English definitions for legal terms
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Term: pigneratio
Definition: Pigneratio is a Latin word that means the act of pledging or mortgaging something as security for a loan. It is similar to pawning an item, where the borrower gives the lender an item of value as collateral until the loan is repaid.
pigneratio
Pigneratio is a Latin term that means the act of pledging or mortgaging something as security for a debt.
These examples show how pigneratio is used to describe the act of giving something valuable as collateral for a loan. In both cases, the borrower had to pledge something they owned as security for the money they borrowed.