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Simple English definitions for legal terms

vif-gage

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A quick definition of vif-gage:

Term: VIF-GAGE

Definition: VIF-GAGE is a type of pledge or security in which an estate is granted until a debt is paid out of its proceeds. It is also known as vadium vivum or live pledge because the profits of the land are constantly paying off the debt. This is different from vadium mortuum or dead pledge, which is a mortgage where an estate is given as security by the borrower and granted to the lender in fee. If the money is not repaid at the specified time, the pledged estate would continue as the lender's. VIF-GAGE is also a term used for wages or salary.

A more thorough explanation:

Definition: Vif-gage (pronounced veef-gayj or vif-) is a term in Law French that refers to vadium vivum, which means a living pledge. It is a type of security where an estate is granted until a debt is paid out of its proceeds. The pledge is called a living pledge because the profits of the land are constantly paying off the debt.

For example, if a person borrows money and pledges their property as security, they can grant the lender the estate in fee until the debt is repaid. The lender can then collect the profits from the property until the debt is fully paid off. Once the debt is paid, the estate is returned to the borrower.

Vif-gage is also sometimes used to refer to wages or salary.

Overall, vif-gage is a legal term that describes a type of security where an estate is granted until a debt is paid off using the profits from the property.

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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