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Pfandrecht

lien

noun PFANT-rekht Rare
People & Society Money

Also means

pledge right

Usage Note

Pfandrecht is a legal right to hold or sell an asset as security for a debt. Banks often have a Pfandrecht on mortgaged property. The debtor can redeem the asset by paying the debt.

Examples

"Die Bank hat ein Pfandrecht auf die Immobilie."

Natural Translation

The bank holds a lien on the property.

Literal Translation

The bank has a pledge-right on the property.

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