👉 Penancy is a legal term that refers to the act of agreeing to share or transfer property in exchange for payment. It is often used in the context of property transactions, such as buying and selling land or real estate. In this scenario, one party may agree to pay another party a certain amount of money in return for acquiring ownership of a piece of land. This can be done through a deed or by other means, depending on the specific circumstances of the transaction.
