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Impignoration
IMPIGNORATION

Definitions:

i. The state of being mortgaged.

ii. (obsolete) The act of pawning or pledging; the state of being pawned.
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* All six elements should be in.


1. Purposeful and necessary for the parties involved.

2. Has legal backing, i.e. issues therein can be justiciable.

3. Validity of applicable conditions is current or active.

4. Adequate protection or security, and insurance will be available.

5. Sustainability will be ensured, or guaranteed at the time.

6. State or condition serves purpose(s), as wished for.
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See perfect MORTGAGE.

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