Chirographer is the term that is used as a synonym for the manuscript or contract used to make a brief description of the payment, which was issued by the creditor to the debtor; That is, it is a document that is formed as a proof that an individual maintained a debt with the creditor so that the credit imposed by him is approved, this would be an instrument to be used as tangible proof in case there is a breach of the agreement executed between both parties mentioned above.
The debt is nothing more than the provision of an asset (monetary, building, etc.) by the creditor to the debtor who has requested the loan, this document will serve as a guarantee regarding the acceptance of the conditions imposed by the owner of the property. that is being provided to the customer receiving the loan. The irresponsibility of breaching any regulations already accepted implies a legal measure if it is very serious, which corresponds from the payment of a bond to brief periods in jail, the choice of punishment will depend on the seriousness of the matter that has been committed. However, not all of them are presented in front of the law, there are agreements ruled under chirographers whose non-compliance will not face judicial measures such as a surety or that is the same to say a lender.
In such cases there are no specific guarantees, only those that are imposed under the use of the debtor's assets; Example: a lender gives a significant sum of money to his client, he must give as collateral some material good (television, computer, chains, etc.) that are of great value and in that case justify the loss of money if this is not cancelled; Of course, after the debtor has returned the amount borrowed, the assets that he had granted will be returned to him.
In the form of a conclusion, it can then be indicated that the chirograph is nothing more than the document where a commitment is reflected where a high monetary value is implied, this will be taken between two people and will not be represented under the signature of a notary who certifies it., this will give you little legal value in front of a judge.
