pignoración
Pignoración is a legal concept related to collateral or security for a debt. It originates from the Latin word "pignus," meaning pledge or pawn. Essentially, pignoración involves a debtor (the pledgor) transferring possession of a movable asset, such as personal property or securities, to a creditor (the pledgee) as a guarantee for the repayment of a loan or fulfillment of an obligation. This transferred asset is called the pledge or pawn.
The purpose of pignoración is to provide the creditor with recourse if the debtor defaults on their
The legal framework surrounding pignoración varies by jurisdiction, but common elements include the need for a