VIVUM VADIUM,
\vˈɪvəm vˈe͡ɪdi͡əm], \vˈɪvəm vˈeɪdiəm], \v_ˈɪ_v_ə_m v_ˈeɪ_d_iə_m]\
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Or living pledge, contracts. When a man borrows a sum of money (suppose two hundred dollars) of another, and grants him an estate, as of twenty dollars per annum, to hold till the rents and profits shall repay the sum so borrowed.
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This is an estate conditioned to be void as soon as such sum is raised. And in this case the land or pledge is said to be living; it subsists, and survives the debt, and immediately on the discharge, of that, results back to the borrower. 2 Bl. Com. 157. See Antichresis; Mortgage.
By John Bouvier
Nearby Words
- vivisector
- vivisectorium
- vivisepulture
- vivo
- vivum vadium
- VIVUM VADIUM,
- vixen
- vixenish
- vixenly
- viyella
- viz