Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

vivum vadium

Read a random definition: cram-down

A quick definition of vivum vadium:

Term: VIVUM VADIUM

Definition: Vivum vadium is a type of pledge where an estate is granted until a debt is paid out of its profits. It is called a "live pledge" because the profits of the land are constantly paying off the debt. This is different from a mortgage, which is a "dead pledge" where an estate is given as security by the borrower and is gone from the borrower if the money is not repaid at the specified time. Vivum vadium can also mean wages or salary.

A more thorough explanation:

Definition: Vivum vadium is a Latin term that means "live pledge." It refers to a situation where an estate is granted until a debt is paid out of its proceeds. The pledge is called a "live 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 collateral, the property is considered a vivum vadium. The borrower still owns the property, but the lender has the right to collect the profits from the property until the debt is paid off.

This is different from a vadium mortuum, which is a "dead pledge" or a mortgage. In a mortgage, the borrower gives the lender an estate in fee as security. If the borrower fails to repay the loan, the pledged estate becomes the lender's property.

viva voce | vocabula artis

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
got a random stanford email and almost had a heart attack
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.