antichresis


antichresis
/aentakriyzas/
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. In the French law, if the income was more than the interest, the debtor was entitled to demand an account of the income, and might claim any excess.
By the law of Louisiana, there are two kinds of pledges,-the pawn and the antichresis. A pawn relates to movables, and the antichresis to immovables. The antichresis must be reduced to writing; and the creditor thereby acquires the right to the fruits, etc., of the immovables, deducting yearly their proceeds from the interest, in the first place, and afterwards from the principal of his debt. He is bound to pay taxes on the property, and keep it in repair, unless the contrary is agreed. The creditor does not become the proprietor of the property by failure to pay at the agreed time, and any clause to that effect is void. He can only sue the debtor, and obtain sentence for sale of the property. The possession of the property is, however, by the contract, transferred to the creditor. La.Civil Code Arts. 3176-3181.
The "antichresis" is an antiquated contract, and has been resorted to in Louisiana in but a few instances

Black's law dictionary. . 1990.

Look at other dictionaries:

  • ANTICHRESIS — (ἁντίχρησις) in Greco Roman law an arrangement whereby a creditor may, under certain conditions, enjoy the use and fruits of property (land or chattels) given to him as security. In talmudic literature, such an arrangement appears under various… …   Encyclopedia of Judaism

  • Antichresis — Antichresis, in civil law, is a contract whereby a person borrowing money of another, hands over his property to the creditor, allowing the use and occupation thereof, for the interest on the money lent.Historically, this contract was used by the …   Wikipedia

  • antichresis — an·ti·chre·sis /ˌan ti krē sis, ˌan ˌtī , ˌan tē / n [New Latin, from Greek, from anti opposite + chrēsis use, from chrēsthai to use, need] in the civil law of Louisiana: a written pledge and transfer from a debtor to a creditor of possession of… …   Law dictionary

  • Antichrēsis — (Antichretĭcum, gr.), Pfandnutzung, s. u. Hypothek. Davon Antichretisch, pfandnutzungsweise, so Antichretischer Vertrag, Vertrag, wonach der Pfandgläubiger die Nutzung des gegebenen Pfandes als Zinsen bezieht, s. Hypothek …   Pierer's Universal-Lexikon

  • antichresis — an·ti·chre·sis …   English syllables

  • antichresis —   n. (pl. ses ) possession and enjoyment of mortgaged property by mortgagee in lieu of interest payments …   Dictionary of difficult words

  • antichresis — A pledge of immovable property, comparable to a mortgage. 41 Am J1st Pldg & Col § 2; 36 Am J1st Mtg § 12 …   Ballentine's law dictionary

  • antichresis — …   Useful english dictionary

  • Roman Law —     Roman Law     † Catholic Encyclopedia ► Roman Law     In the following article this subject is briefly treated under the two heads of; I. Principles; II. History. Of these two divisions, I is subdivided into: A. Persons; B. Things; C. Actions …   Catholic encyclopedia

  • antichrèse — [ ɑ̃tikrɛz ] n. f. • 1603; lat. jurid. d o. gr. antichresis ♦ Dr. civ. Contrat par lequel un débiteur transfère à son créancier la possession de son immeuble, pour en percevoir fruits et revenus jusqu au remboursement de sa dette. ⇒ nantissement …   Encyclopédie Universelle


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