/pɪɡnəˈreɪʃən/ – Noun
Definition: 1. việc cầm cố, việc thế chấp, việc ký quỹ;
2. việc bắt giữ gia súc để đền bù hoa màu bị phá hại.
A more thorough explanation: Pignoration is a legal term referring to a form of security interest granted by a debtor to a creditor. It involves the transfer of possession of specific property to the creditor as collateral for a loan. If the debtor fails to repay the loan, the creditor has the right to sell the pledged property to satisfy the debt.
Example: The pignoration of the property was necessary to secure the loan.