Definition of "antichresis"
  1. Antichresis is a legal agreement in which a debtor transfers possession of an immovable property to a creditor. This permits the creditor to claim any benefits, such as rents, from the property, which can then be applied to reduce the interest or principal of the outstanding debt
How to use "antichresis" in a sentence
  1. Because of my unpaid debts, the bank and I entered into an antichresis agreement, allowing them to collect rents from my apartment complex.
  2. Antichresis can be an option to explore when a debtor owns property but cannot afford the repayment of their debt right away.
  3. Utilizing antichresis, creditors have the right to take over and benefit from a debtor's property until the debt is paid.

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