V

Latin: A pledge; security by pledge of property. Coggs v. Bernard, 2 Ld. Raym. 913. Vadium mortuum. A mortgage or dead pledge; a security given by the borrower of a sum of money, by which he grants to' the lender an estate in fee. on condition that, if the money be not repaid at the time appointed, the estate so put in pledge shall continue to the lender as dead or gone from … [Read more...] about VADIUM

To annul, to render an act void; as to vacate an entry which has been made on a record when the court has been imposed upon by fraud, or taken by surprise. To annul; to cancel or rescind ; to render an act void; as, to vacate an entry of record, or a judgment. … [Read more...] about VACATE

contracts. A mortgage or dead-pledge; it is a security given by the borrower of a sum of money, by which he grants to the lender an estate in fee, on condition that if the money be not repaid at the time appointed, the estate so put in pledge shall continue to the lender as dead or gone from the mortgagor. … [Read more...] about VADIUM MORTUUM

When a judgment is canceled, rescinded or set aside and removed from the record. … [Read more...] about VACATING A JUDGMENT

contracts. A species of security by which the borrower of a sum of money, made over his estate to the lender, until he had received that sum out of the issues and profits of the land; it was so called because neither the money nor the lands were lost, and were not left in lead pledge, but this was a living pledge, for the profits of the land were constantly paying off the debt. … [Read more...] about VADIUM VIVUM