pignorate

/pɪgnəˈreɪt/

Definitions

1. verb

to give or sell something (especially land) for a small price, often to a friend or family member, with the intention of buying it back later, especially at a higher price.

“The couple pignorated their house to their parents, planning to buy it back after they saved up enough money.”

2. noun

a temporary transfer of ownership or use of something, especially land, with the intention of buying it back later, especially at a higher price.

“The pignoration of the farm was a common practice among the rural community, allowing them to buy back the land at a higher price after they had improved it.”

Synonyms

  • lease
  • mortgage
  • rent

Antonyms

  • foreclose
  • repossess