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Antichresis

antichresis 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 immovable property giving the creditor the right to the fruits (as rents) of the property which are to be deducted from the interest or principal of the debt compare pawn



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.