ANTICHRESIS
\ˌantɪkɹˈiːsɪs], \ˌantɪkɹˈiːsɪs], \ˌa_n_t_ɪ_k_ɹ_ˈiː_s_ɪ_s]\
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In the civil law. A species of mortgage, or pledge of immovables. An agreement by which the debtor gives to the creditor the income from the property which he has pledged, in lieu of the interest on his debt. Guyot, Repert.; Marquise De Portes v. Hurlbut, 44 N. J. Eq. 517. 14 Atl. S91. A debtor may give as security for his debt any immovable which belongs to hitn, the creditor having the right to enjoy the use of It on account of the interest due, or of the capital if there is no interest due; this is called "antichresis." Civ. Code Mex. art. 1927. By the law of Louisiana, there are two kinds of pledges,
By Henry Campbell Black
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Contracts. A word used in the civil law to denote the contract by which a creditor acquires the right of reaping the fruit or other revenues of the immovables given to him in pledge, on condition of deducting, annually, their proceeds from the interest, if any is due to him, and afterwards from the principal of his debt. Louis. Code, art. 3143 Dict. de Juris. Antichrese, Mortgage; Code Civ. 2085. Dig. 13, 7, 7 ; 4, 24, 1 Code, 8, 28, 1.
By John Bouvier