Child pledge (loan on children pledged)

Auch in: DE

The debtor – offers his children as a pledge for a loan or – the legal system allows the creditor demanding payment (also called liquidator in the older financial language) to collect the children of the defaulting debtor and have them work for him in order to pay off the father’s debts. – In ancient civilizations and then in the Roman Empire, this procedure was quite common and apparently very effective; it was mitigated by Emperor Theodosius in 390 at the urging of St. Ambrose, Bishop of Milan (340-397). – See arrest money, collection, first, sad, subsistence, fist pledge, loan shark, money collection, customer, lazy, body guarantor, body pledge, overpayment, default, usury, usury challenge.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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Merk, G. (Hrsg.): „Child pledge (loan on children pledged)“. In: Finanz- und Wirtschaftslexikon. https://www.gerhardmerk.de/child-pledge-loan-on-children-pledged/ (Stand: 25.07.2023).

Die von Universitätsprofessor Dr. Gerhard Merk begründete Sammlung wird seit Herbst 2014 von Professor Dr. Dr. h.c. Eckehard Krah redaktionell fortgeführt und um neue Begriffe ergänzt. Sollten Sie Fehler entdecken oder sonstige Hinweise haben, schreiben Sie an: info@ekrah.com

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