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COUNTER-LETTER Definition & Legal Meaning

Definition & Citations:

A species of instrument of defeasance common in the civil law. It is executed by a party who has taken a deed of property. absolute on its face, but intended as security for a loan of money, and hy it he agrees to reconvey the property on payment of a specified sum. The two instruments, taken together, constitute what is known in Louisiana as an “antichresis.” (q. v.)


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