Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A sale conditional upon repurchase by the seller.

  • Black's Law Dictionary: 2nd Edition

    In Roman law. An early form of mortgage or pledge, in which both the title and possession of the property were passed to the creditor by a formal act of sale, (properly with the solemnities of the transaction known as mancipatio,) there being at the same time an express or implied agreement on the part of the creditor to reconvey the property by a similar act of sale provided the debt was duly paid; but on default of payment, the property became absolutely vested in the creditor without foreclosure and without any right of redemption. In course of time, this form of security gave place to that known as hypothec a, while the contemporary contract of pignus or pawn underwent a corresponding development. See Mackeld. Rom. Law, ยง 334; Tomk. & J. Mod. Rom. Law, 182; Hadley, Rom. Law, 201-203 ; Pothier, Pand. tit "Fiducia."