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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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18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
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19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
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