impignoration Sentence Examples
- Impignoration, the act of pledging property as collateral for a loan, is a common practice in financial transactions.
- When an individual impignorates an asset, they surrender possession of the property to the creditor until the debt is repaid.
- Impignoration provides lenders with security in case the borrower defaults on the loan repayment.
- The impignoration agreement outlines the terms of the pledge, including the value of the asset and the loan amount.
- The legal process of impignoration ensures that the lender has a claim against the impignorated property in the event of default.
- Banks often impignorate assets as a form of security for mortgages and other large loans.
- Impignoration can be used for both personal and commercial assets, such as real estate, vehicles, and jewelry.
- The practice of impignoration has been used for centuries as a means of securing credit.
- The impignoration of a valuable asset can provide the borrower with access to immediate funds.
- It is essential to understand the legal implications of impignoration before pledging any assets as collateral.
impignoration Meaning
Webster
impignoration (n.)
The act of pawning or pledging; the state of being pawned.
Synonyms & Antonyms of impignoration
No Synonyms and anytonyms found
FAQs About the word impignoration
The act of pawning or pledging; the state of being pawned.
No synonyms found.
No antonyms found.
Impignoration, the act of pledging property as collateral for a loan, is a common practice in financial transactions.
When an individual impignorates an asset, they surrender possession of the property to the creditor until the debt is repaid.
Impignoration provides lenders with security in case the borrower defaults on the loan repayment.
The impignoration agreement outlines the terms of the pledge, including the value of the asset and the loan amount.
