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The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn.…

and sometimes a partial repudiation, of the State debt without the consent of the State's creditors.

To pay to the extent of chaims or deserts; to give what is due to; as, to satisfy a creditor.

to assure; to insure; -- frequently with against or from, rarely with of; as, to secure a creditor against loss; to secure a debt by a mortgage. It secures its possessor of eternal happiness. T. Dick.

To adjust differences or accounts; to come to an agreement; as, he has settled with his creditors.

in which debtors are put before being taken to jail, or until they compromise with their creditors. At these houses extortionate charges are commonly made for food, lodging, etc.

ple, a bond of record acknowledged before the mayor of the staple, by virtue of which the creditor may, on nonpayment, forthwith have execution against the body, lands, and goods of the debtor, as in the statute merchant. It is now disused. Blackstone.

The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor. Bouvier. Burrill. Abbott.

id upon persons or property for the support of a government. A farmer of taxes is, of all creditors, proverbially the most rapacious. Macaulay.

of another are attached in a trustee process. Trustee process (Law), a process by which a creditor may attach his debtor's goods, effects, and credits, in the hands of a third person; -- called, in some States, the process of foreign attachment, garnishment, or factorizing process. [U. S.]