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.
State of being pledged.
To borrow against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land; to pledge a property in order to get a loan.
To pledge and make liable; to make subject to obligation; to achieve an immediate result by paying for it in the long term.
to gather.
to pick, select, pick out; to pick up.
to glean.
to glean, gather up leavings.
To tell lies; tell lies about; slander; calumniate.
To release; let go; unloose.
To operate or live in some property or land through purchasing a long-term contract (or leasehold) from the owner (or freeholder).
To take or hold by lease.
To grant a lease; to let or rent.
an open pasture or common
A contract granting use or occupation of property during a specified period in exchange for a specified rent
The period of such a contract
A leasehold
The place at which the warp-threads cross on a loom.
