Pignoratio – this is Latin term, coming from the term “pignus” (which means “pledge”). It has been used in the ancient Roman Law to detail the procedure of handling a pledge towards a creditor in order to secure a debt (usually a money loan). Nowadays it is used to detail the “Pignorative contract” – a contract with which the debtor establishes a lien on their real estate in favor of the creditor. An example of the pignorative contract is the mortgage contract.

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